The new capitalism—reward without risk

Royal Dutch Shell chief executive Peter Voser earned more than $15-million in pay and bonuses in 2011, more than double his remuneration for 2010. Last year also saw Shell increase its oil spills to 207, substantially more than the previous year.

The two are not related of course, but the coincidence is interesting. Voser wasn’t penalized for his company’s oil spills, presumably because he