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| Company | Shell [Company Info] |
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| Date | Issue | Title |
| 25th Jun 2004 | Other Issue | Ex-Shell chief gets £1m pay-off |
| Report |
| Former Shell chairman Sir Philip Watts who stood down after the firm's oil reserves estimates were dramatically cut has received a £1m ($1.8m) pay-off. Shareholders were highly critical of Sir Philip who headed exploration and production at the time when most of the reserves in question were booked. Sir Philip was not awarded a performance-related annual bonus for 2003 or 2004, Shell said. The sum was based on his wage until his June 2005 retirement date. He will also receive a pension of £584,070 per year under the firm's pension scheme, which he made payments into over the past 35 years. Shell said in March that Sir Philip had resigned after the board called for "a change of leadership due to a loss of confidence". He had originally refused to step down after the firm cut its reserves estimates by 20% sending shares floundering, saying he would focus on fixing problems Shell faced. He was one of three top executives to resign following the crisis. He was replaced by Jeroen van der Veer, boss of the company's Dutch arm. |
| Other Reports on Shell | |||
| Date | Issue | Company | Report |
| 24th Feb 2006 | Other Issue | Shell | Shell told to pay Nigeria $1.5bn |
| 14th Sep 2005 | Other Issue | Shell | Tribunal upholds Shell criticism |
| 12th Aug 2005 | Other Issue | Shell | Venezuela-Shell tax row heats up |
| 14th Jul 2005 | Other Issue | Shell | Shell faces Venezuelan tax demand |
| 8th Jan 2005 | Questionable Practice | Shell | Shell finance supremo wins $1m pay-off |
| 1st Dec 2004 | Questionable Practice | Shell | Nigerian senators threaten Shell |
| 29th Jul 2004 | Fraud Investigation | Shell | Shells pays £80m to settle fraud inquiry |
| 19th May 2004 | Other Issue | Shell | 29 Dead in Shell Oil Well fire |
| 23rd Apr 2004 | Fraud Investigation | Shell | Shell under investigation by FSA |
| 27th Jan 2004 | Other Issue | Shell | $1bn Lawsuit |
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