Shell Executives Miss Out On Bonuses in Reserves Crisis

The JournalMay 29, 2004

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Summary


Oil giant Shell said yesterday that none of the senior executives ousted in the wake of its reserves crisis would receive annual bonuses for 2003.

The annual reports of the Anglo-Dutch group reveal that former chairman Sir Philip Watts was paid his annual salary of pounds 865,000 last year.

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Extract


Shell Executives Miss Out On Bonuses in Reserves Crisis

But the Shell remuneration committee decided Sir Philip should miss out on a...

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