Mar 9, 2017

Pay boosts for Shell and Rolls-Royce bosses despite profits slide

Shell chief executive Ben van Beurden will see his pay package rise 54% to 8.59 million euros due to a long-term bonus scheme. Warren East, the boss of aircraft engine maker Rolls-Royce, will be handed a pay rise and a £916,000 bonus. Prime Minister Theresa May and major investors have called on UK firms to justify bumper pay packets for their senior executives. Mr East secured his bonus after the firm exceeded targets on profits - once one-off costs were stripped out - and on cash flow. Mr van Beurden's pay deal last year was boosted by a potential 4.4 million euros from a long-term shares bonus scheme.

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