Published: 16 Mar 2011
Last Updated: 09 Oct 2013
Despite Shell’s financial results disappointing analyst expectations, the oil giant’s chief executive still took home a healthy reward. Peter Voser, who has been the firm’s CEO for less than two years, bagged £4.6m (€5.4m) last year - €3.75 of which was a bonus payout.
It suggests that Shell’s restraint on executive pay, which was put in place after a backlash from shareholders less than two years ago, is over.
But Voser has ambitious growth plans for the firm. Apparently, he's aiming to increase oil output by 12% over the next three years by producing 3.7m barrels a day. That’s one shell of a target (geddit?).
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