PADDY BRIGGS REPLY TO LIVE CHAT POSTING BY “GUEST ABC”:
Quite why small shareholders, including the many of us who got our shares through staff schemes, should not qualify for the compensation payment is quite unclear. I filled in the forms properly and they were initally rejected. I replied pointing out that I had given all the information required my next letter from Shells lawyers told me that I didnt qualify anyway. So why did they write to me in the first place?
In response to the post by Guest ABC it would certainly be impossible for Shell to rob the UK pension fund in the way that he suggests (a la Maxwell!). Whatever else the greedy b******s at the top of Shell might do I think that even for them that would be a step too far! I hope that I am right!
THE RELATED LIVE CHAT POSTING BY GUEST ABC
I hear rumours that Shell has borrowed money from the pensionfund to finance some projects. This deal was cheaper than getting credit from the banks. Can anyone confirm and if true is this ethical??