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1 Article
Source: The Guradian

Shell CEO’s pay more than doubles to £17.2m

Friday 00:34 GMT

The pay of Shell’s CEO, Ben van Beurden, more than doubled in 2018 to hit €20.1m (£17.2m) as the oil company rewarded him for high profits.

At the same time, the remuneration committee highlighted Van Beurden’s role in completing the £47bn merger with oil and gas exploration company BG Group, as well as new investments in deepwater oil drilling in the Gulf of Mexico.

1 Article
Source: BBC

Shell chief's pay doubles to £17m

Friday 13:35 GMT

It added that Shell believed in reward packages "that are externally competitive and internally proportionate, meaning the chief executive is the employee with the highest proportion of variable pay as he has the highest level of responsibility".

Luke Hildyard, the director of the High Pay Centre think tank, said Mr van Beurden's pay packet epitomised Shell's "flawed governance model and warped corporate culture". "They think that prosperity is bestowed by a small elite at the top, and everyone else should be thankful for what little they get.


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