Shell boss' pay hits €3.7m

The boss of oil giant Royal Dutch Shell has landed £2.5m (€3.7m) in wages and bonuses after record results for the firm last year, it emerged today.

Chief executive Jeroen van der Veer saw his basic salary jump nearly 10% to £1.15m (€1.7m), and also gained the maximum bonus of 120% of his salary, worth another £1.38m (€2m), based on operational performance and comparisons with other oil companies.