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Any other business

Did the £20 million Norwegian’s pay row make BG cheaper for Shell?

16 April 2015

1:00 PM

16 April 2015

1:00 PM

Helge Lund was widely expected to go into domestic politics when he ended his successful tenure as head of Statoil, the Norwegian state oil and gas company. Instead, he was hired to run BG Group, the troubled former exploration arm of British Gas, but on a promise of such ludicrously rich terms — up to ten times his Statoil salary — that shareholders, the media and Vince Cable howled in protest.

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