Business Week: Can Shell Put Out This Oil Fire?
“a devastating portrait of Shell as a dysfunctional company”: “The two boards should move quickly to find a successor to the 56-year-old van der Veer, who looks like a caretaker.”
By Stanley Reed (3rd May 2004)
Royal/Dutch Shell Group hopes that by sacking three senior executives and publishing a summary of an investigation by an outside law firm, it can pull the curtain down on the scandal over the downgrading of its reserves. But senior management and the board of the world’s third-largest oil company may be engaging in wishful thinking. So many questions remain that it is difficult to see how a reshuffled management team will be able to improve Shell’s lackluster performance.
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