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Posts under ‘Paddy Briggs’

SHELL HAS FALLEN FROM GRACE SAYS RETIRED SHELL EXEC

This has been a pretty abysmal story of failed management, insensitivity to the Pensioner community and obfuscation. I appreciate that you personally do not have the Shell heritage connection that I and most of my 30,000 fellow Shell pensioners have. Some of us, like me, may be critics but that is based on how Shell once was and sadness that in all too many areas it has fallen from grace.

By John Donovan

Printed below is the reply letter from retired Shell executive Paddy Briggs to Shell UK Limited Chair, Sinead Lynch on the subject of Shell’s ruthless cost-cutting at the expense of support services to 28,000 Shell UK pensioners.

READ IN CONJUNCTION WITH: Shell Chair admits unequal Shell pensioner support 

Since Paddy is enjoying an active retirement with photographs of his travel exploits appearing on Facebook, I know that his interest is not self-motivated. He has acted out of concern for less fortunate fellow Shell pensioners. read more

Shell Chair admits unequal Shell pensioner support 

Sinead Lynch, Chair Shell UK Limited

Astonishingly, the Shell Chair admits that the downgraded support arrangements for Shell UK pensioners are “over and above that provided for Shell pensioners in other countries around the world.” I wonder what the foreign second class Shell pensioners will make of this admission of Shell pensioner inequality made by the Country Chair of Shell UK Limited? Is pensioner discrimination based on nationality compatible with Shell’s claimed business principles? 

By John Donovan

In December 2016, we published an article reporting that Shell is scrapping the network of 45 Pensioner Liaison Representatives established over 40 years ago, who represent 28,000 Shell UK pensioners. Shell said the action was down to cost-cutting arising from the BG takeover and the low price of oil. 

See: Shell cost-cutting plan will undermine the welfare of its pensioners

The cost-cutting explanation has been confirmed again in a letter dated 7 June 2017 from Sinead Lynch, the Chair of Shell UK Limited sent to retired Shell executive Paddy Briggs, until recently an elected Director of the Shell Contributory Pension Fund. read more

Shell board confronted by pensioner welfare question from Paddy Briggs

RETIRED SHELL EXEC PADDY BRIGGS

Shell board confronted by pensioner welfare question from Paddy Briggs

Regular visitors may recall my article published in December 2016 Shell cost-cutting plan will undermine the welfare of its pensioners. 

It included an extract from a Facebook posting on the subject by retired Shell executive Paddy Briggs (right). Paddy confronted the Shell board on the subject yesterday. As is evident from the response in the transcript below, they seemed ill-prepared for the question, which compared huge sums paid to Shell directors such as Ben van Beurden with welfare cuts being made to Shell pensioners. As a result of his intervention, the board has agreed to review the issue he raised.   read more

Withering Assessment of Shell’s Business Principles by Paddy Briggs

Comment by retired Shell executive *Paddy Briggs on the recent article: Withering Assessments of Shell’s Business Integrity by Bill Campbell and Bruce Culpepper

“I think Mr Campbell’s comment regarding “Business Principles” is entirely valid. I worked for a time in Shell in the business sphere which developed the (then) Group’s approach to the demands for “Corporate Social Responsibility” (CSD). I took it seriously as did many of my colleagues. The “Business Principles” were a part of what we delivered. It was endorsed by the Committee of Managing Directors (CMD) and became Group policy. What was lacking, however, was consistency in application. All too often, when push came to shove, the Principles were bent to allow the pragmatic pursuit of commercial goals. Shell’s competitors generally did not feel the need to promote their CSD or did so in a more limited way. Shell in some instances wanted it both ways. They wanted to be seen as corporately responsible, but they also wanted commercial progress. The pursuit of profit. Nothing wrong with the latter of course, it’s what business is about. But to do this at the cost of corporate responsibility at the same time as promoting your unique commitment to CSD reeks of hypocrisy” read more

OPL 245: I think Shell may be in a spot of bother

Postings extracted without his permission from the Facebook page of retired Shell executive Paddy Briggs…

This was actually on the 8:00am news on ! I think Joe Shell might be in a spot of bother.

I cannot comment on the latest allegations about Shell that are hitting the headlines – I would just say that they should be looked at in the context of the Company’s “Business Principles” :

http://www.shell.com/…/glob…/corporate/sgbp-english-2014.pdf

The Principles were introduced when I was an employee. I supported them but my colleagues will recall that I argued strongly that if they were not to be just PR Flimflam there had to be a conscious and internally regulated process to see that they were applied. When I looked at Corrib some years ago I concluded that if there was such a process it wasn’t working in this case. The latest news raises further questions. read more

Shell cost-cutting plan will undermine the welfare of its pensioners

By John Donovan

Today we publish below a notification letter dated 8 December 2016 sent by a Shell HR VP to all Shell UK pensioners. 

Basically, Shell is intending to scrap the network of 45 Pensioner Liaison Representatives established over 40 years ago, who currently represent 28,000 Shell UK pensioners. Although Shell still rakes in billions of dollars in annual profits, the reason given is cost-cutting arising from the BG takeover and the low price of oil. 

The letter, pdf copy attached, is signed by a Shell HR VP Jonathan Kohn who openly admits that what is proposed is a “significant change”.  read more

Separating ‘Shell Marketing’ from the Upstream

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Screen Shot 2015-12-23 at 13.33.20One of the issues surrounding the takeover of BG by Royal Dutch Shell that most commentators have missed is that it will make RDS even more of an “Upstream” company than it is now. The exploration and production of hydrocarbons is ALL that BG does.

It is also by far Shell’s core business. In the circumstances it makes little sense for RDS to continue with its “Downstream” (Refining, Marketing, Chemicals, Trading …). 

These Shell-branded businesses cry out to be freed from the yoke of having to exist in a largely alien world where they are starved of attention and capital.  read more

Shell/BG needs Downstream like a hole in the head

Screen Shot 2015-12-23 at 13.33.20RETIRED SHELL EXECUTIVE PADDY BRIGGS SAYS:

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Screen Shot 2015-12-23 at 09.03.45Above is a comment by retired Shell executive Paddy Briggs posted on an article published 23 Dec 2015 by The Independent: “The many reasons why Shell’s deal with BG will happen in 2016

BG acquisition offers Shell opportunity for major strategy change

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Screen Shot 2015-04-08 at 08.12.04By Paddy Briggs

As a Shell “lifer” – more than forty years if you include my time as a Director of the Pension  Fund – I cannot recall a bigger strategic shift than the acquisition of BG. It offers the Corporation a unique opportunity to do what Tom Peters called “stick to its knitting” – to concentrate on what it’s really good at.

BG is an “Upstream” company. It only does exploration and production of oil and gas. And that is what Royal Dutch Shell (RDS) is good at too. To the man or woman in the street it is the Shell emblem standing over a Shell petrol station for which it is best known. But over the years this part of the business – never, in truth, that important to the heavies at the top – has declined in importance. The “Downstream” – the refining and marketing of oil, gas and chemicals – is pretty much cast adrift from the Upstream. The engineers, geologists and accountants in the highest echelons of Shell never really understood it anyway! There are no longer any economies of scale from being involved in oil from wellhead to petrol pump, if there ever were.  read more

Scandal hit bosses of HSBC and Shell are both ordained priests!

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By John Donovan

I wonder if Paddy was thinking of Shell when he published this on this Facebook page?

The grotesquely high “compensation packages” of the Directors of the likes of HSBC as well as being morally repugnant are also bad for business. The rewards for making it to the top are so obscene that ladder climbers will do anything to make it. So every decision they take is driven by their own ambition and their need to kowtow to those who might appoint them to these golden jobs. This is a brake on creativity and innovation and on long-term thinking. read more

Big oil is exposed to falling prices who can survive?

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BRENT CRUDE PRICES HAVE SLUMPED SINCE PEAKING AT $115 IN JUNE

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By John Donovan

The news media is waking up to the potential seismic impact on big oil from falling oil prices. Our headline – “Big oil is exposed to falling prices who can survive?” – is taken from an article by John Ficenec published today by the Telegraph, which poses the question:

Which FTSE 100 oil stocks to hold Shell v BP?

It mentions a prediction by Goldman Sachs “that the price for Brent Crude, will fall as low as $80 per barrel in the second quarter of next year.”

The article points out that according to analysis from Bloomberg “Of the two oil majors, Shell is slightly more exposed to a fall in the oil price as about 30pc of its future projects requires a price above $95 per barrel, compared to 20pc for BP.” read more

Royal Dutch Shell News Roundup 25 August 2014

RUSSIA

Jeroen van der Veer, the former Royal Dutch Shell CEO who evaded responsibility for his role in the cover-up of the Shell reserves fraud, claims that the sanctions against Russia are not working and are counter-productive. This analysis comes from the man who badly misjudged the Putin regime in 2006 and as a result, ended up meekly surrendering Shell’s majority stake in the Sakhalin 2 project. 

UK

The British government has just introduced a rule requiring oil, gas and mining companies registered in the UK to disclose all payments made to the governments of countries in which they operate. The new rule, which comes into force in 2015, is designed to result in greater transparency, something alien to oil companies such as Shell. Problems may arise in relation to Nigeria where Shell has a decades long history of corruption involving a succession of odious regimes. read more

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