Do you expect any significant changes now that the arrival of the new chairman has been announced?
These are his words:
“I believe Shell has an exceptional portfolio of future-facing assets and I look forward to working with Ben van Beurden and the Board to profitably accelerate Shell’s transition into a net-zero emissions energy business that continues to generate substantial value for shareholders, customers and communities alike. ”
They bring people from the outside so there are no stories of “good old boys” when the mass cut backs begin. The new guy doesn’t know all the old favors. He is here for one purpose only....cut the fat.
Never understood why c level pay rose so fast to begin with.
Is it because of their innovative solutions that helped the company make more money? No
Is it because of their revolutionary direction that took the company to new heights? No
Looks like they just got paid more for the sake of getting paid more. It’s good their pay dropped like a rock. They honestly are overpaid anyways. it’s not like their employment benefit package isn’t anything less than extravagant.
Before thinking..., do you know:
Google and see : Shell CEO's pay more than doubles to $22.8 million in 2018
Van Beurden's total remuneration for 2020 was 5.8 million euros ($6.93 million), compared with about 10 million euros the year before
Is this an out of season April fools joke? What does a geologist from bhp of all companies know about net zero emissions? They’re still mining for coal.
These chairman position is probably Shell’s biggest waste in money. Instead of laying off employees they should be laying off chairmans