The Curmudgeon

YOU'LL COME FOR THE CURSES. YOU'LL STAY FOR THE MUDGEONRY.

Tuesday, May 19, 2009

Dirty Work

The board of directors at Shell has been subjected to the irritation of having the shareholders kick up a fuss at the annual meeting. The company was operating an "incentive scheme" whereby directors would be given shares to the value of twice their meagre salaries if Shell did better than three of its four main rivals. Although Shell failed to achieve this goal, the directors decided they deserved some of the reward they had been offered on condition of its not failing; but the shareholders, many of whom are doubtless down to their last two cars by now, do not seem to have seen things that way. The company is also facing trial over its activities in the Niger Delta, where there are allegations of collusion in human rights abuses - a minor matter of getting a few eco-terrorists strung up - and where oil spills have cost the shareholders money.

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