Shell's chief executive earned £9.7m last year, a 53% pay rise, as the company reported record profits due to elevated global energy prices.The nearly £10m figure includes an annual bonus for the year of £2.6m, a salary of £1.4m and £4.9m through a long-term share bonus.
Mr van Beurden stepped down in January and was succeeded by Wael Sawan, Shell's former director of integrated gas, renewables and energy solutions. The oil and gas company said in its annual report, published on Thursday, that Mr Sawan was appointed with a salary of £1.4m that does not include bonus and other performance-related payments.
But as with Mr van Beurden, Mr Sawan is eligible for a target annual bonus of 125% of his salary and long-term shares worth up to 300% of his salary.Fossil fuels campaign leader at the group, Alison Harrison, said Shell's chief executive earned in one year"what a typical UK worker would earn in six lifetimes".
She added:"Surely most of us can agree that one person shouldn't be able to amass such huge wealth on the back of a fossil-fuel-funded war in Ukraine and a global energy crisis?"
Fully support this along with a fixed cap that CEOs can earn
In Ontario, Canada.. Is this correct? In 2022, Matt Anderson had a performance bonus of $126,000, this on top of his $700,000 salary to end hallway medicine… but Ontario still has the problem.. Is this incompetence or corruption? HRWcanada ONThealth BBCWorld CNN USATODAY
Utterly absurd
Where is the windfall tax on Bankers bonuses or these corrupt conservative MP’s like BJ, Sunak
at the very least
Hopefully more people will realize that those promising to give you money they take from the rich only do so because they expect to get rich from it.