Financial Times FT.com

Shell pay packages defy poor stock performance

By Ed Crooks in London

Published: March 18 2009 02:00 | Last updated: March 18 2009 02:00

Royal Dutch Shell's senior executives were paid sharply higher remuneration last year, although performance in terms of shareholder returns was the worst of all big western oil companies.

Jeroen van der Veer, chief executive of Europe's biggest oil group, who steps down at the end of June, was paid a total of €10.3m ($13.4m), up 58 per cent on his remuneration in 2007.

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