Financial Times FT.com

Investors rebel over Shell executive pay

By Kate Burgess in London and Michael Steen in The Hague

Published: May 19 2009 15:31 | Last updated: May 19 2009 21:17

A global investor backlash over executive pay escalated on Tuesday when shareholders turned on Royal Dutch Shell and voted against its executive pay plan.

In one of the biggest investor rebellions over directors’ pay, about 59 per cent of the oil multi­national’s shareholders voted down the company’s remuneration report.

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