Rare Honesty

The chief executive of Royal Dutch Shell has called for reform of how top executives are rewarded.

Jeroen van der Veer, who steps down this month, was the focus of a revolt over pay at the firm.

But he told the Financial Times that varying pay levels would not have affected his own performance.

“You have to realise: if I had been paid 50% more, I would not have done it better. If I had been paid 50% less, then I would not have done it worse.”

Last month, almost 60% of Shell shareholders voted against its executive pay plan which awarded bonuses despite missing targets.

Mr van der Veer received a 1.35m Euros (£1.16m; $1.88m) bonus from a long-term incentive scheme. BBC.

As I said rare honesty, although I note van der Veer still took that huge bonus.

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