In 2020, Bloomberg reported that Ben took home a total compensation of 6.74M dollars and NO BONUS.
In 2025 Reuters reported Wael’s pay starts at 11M dollars PLUS 9M bonus. For a sweet total of 20M for the same strategy of cut costs and layoffs.
13 replies (most recent on top)
@mp also yes. Ben actually placed bets, he tried growing the company. He took care of the workers. I don’t know what Wael has done since he took over in 2023 aside from making everyone’s lives absolutely miserable and ruining livelihoods to put the money in his pocket
@m1 agreed. With Ben, there were still people wanting to work for Shell. It was a respected place. We had decent benefits. And most of all, it was a safe place to have a career. Now it’s just a cesspool of has beens and private equity moves. The place is so toxic you can smell the fumes the minute you set foot in that place
every single majors ceo is saying the same thing
“bolt on” purchases only. upping interest stakes to maintain production. “proven”. blah blah blah.
but enough opportunities along these lines don’t exist in the entire world for this to happen for each company. and so some will be unable, or perhaps never intended to do anything at all. Maybe the idea is to have it be the next CEOs and LTs problem, to do nothing more than kick the can down the road, get paid, and run away like the huge, selfish, vision-less cowards they are, dooming us common folk and any remaining shareholders in 5 years time.
given this is an industry wide trend, expect lots of consolidation in 4-5 years as we see haves and have nots and the market continues to permanently and reversibility shrink with better hybrids. this is way the ceo’s are too chicken to confront and admit by the way.
even nat gas is in trouble in just a few years. power generation is moving to solar and multiple states have started to ban gas lines in new construction and renovations. the writing is on the wall in so many ways.
Wait, don't we all agree selling Shell off piece by piece is the only "sustainable" way for Shell now? I mean there are no new assets, the assets that they have are declining faster than industry standard, there is no new thing... And the English version was founded on marketing and shipping. So the modern version is to keep trading and shipping.
I just gotta point out that the difference between the word sell and Shell is that they already sold the letter h.
ben also did stuff. some worked, some didn’t
wael has placed zero bets and his top priorities are a pathetic effort to pump the stock and playing it safe with others to blame. what a wimp
Ben got paid too much, but kept the company sort of motivated. Wael gets paid the same but is destroying the company and shafting the employees at the same time to protect his pay. I’d rather have a leader like ben rather than a muppet to the so called investors.
And last year, during the town hall us peasants were told no to raises as raises contribute to inflation.
well they both su-k
2015 Ben van Beurden ~$6M
2016 Ben van Beurden ~$7M
2017 Ben van Beurden ~$10M
2018 Ben van Beurden ~$24M (big chunk was pension change related)
2019 Ben van Beurden ~$11M
2020 Ben van Beurden ~$7M
2021 Ben van Beurden ~$9M
2022 Ben van Beurden ~$12M
2023 Wael Sawan ~$10M
2024 Wael Sawan ~$11M
2020 was the year of Covid. Take a look at BvBs compensation from some other years, he’s taken more than his fair share.
@a6 you don’t understand! By saving 40 dollar lunches, we can afford to pay the exorbitant CEO’s salary + bonus. It’s a no brainer. Every dollar counts!
wael more than tripled the CEO pay?
and they’re getting mad about 40$ lunches?
amazing
Yeah, because inflation.
Just wait, the 3 days RTO will create great new ideas in all vibrant hubs and stimulate finding new reserves. This is a winning strategy, just watch and see.