THE boss of oil giant Royal Dutch Shell has landed £2.5m in wages and bonuses after record results for the firm last year, it emerged yesterday.
Chief executive Jeroen van der Veer saw his basic salary jump nearly 10% to £1.15m, and also gained a bonus of 120% of his salary, worth another £1.38m - based on
operational performance and comparisons with other oil companies. The maximum he could have received was 200% of salary, a spokesman for Shell said.
Gains from share options and pension contributions brought Mr van der Veer's total benefits to £3.7m for the year.
The chief executive has also accrued a total pension pot of £10.8m.
Mr van der Veer's fortunes contrast with the retiring head of oil rival BP, Lord Browne, who saw his own bonus slashed by nearly half to £900,000 last week, after a year where he came under fire for the company's performance and safety record.
Lord Browne's overall package including wages and shares fell to £4.57m last year, albeit still ahead of the Shell boss.
The basic salary of Shell directors totalled more than £3.8m last year, with Shell gas and power head Linda Cook and chief final officer Peter Voser also enjoying 10% rises.
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