Matthias Bichsel, Director Projects & Technology, Royal Dutch Shell plc, explains the new projects and technology business division and how it interacts across the organisation and creates competitive advantage. The video is prefaced with a warning about reading Shell’s Form 20-F. This is the declaration submitted to the US Securities & Exchange Commission, which for a number of years, contained fraudulent information about Shell’s hydrocarbon reserves. That mess led to record fines on Shell imposed by the SEC and the FSA, plus class action settlements, payment of legal costs etc – overall cost to Shell shareholders approaching $1 billion.
In a presentation, no doubt scripted by Shell’s spin machine, Bichsel boasts about:
“reducing staff counts significantly” (ruthless massive job cuts)
“using our proprietary technology” (using IP stolen from third parties?)
“leveraging third party products” (putting the squeeze on third parties – the Cold Wind Rules treatment?)
Related article from the Sunday Herald: Shell will also set up a new division to handle project delivery and technology. It will be led by Matthias Bichsel, who is also Swiss. Some Shell employees complained on their website Royaldutchshellplc.com that a “Swiss Mafia” is running the group.