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Posts under ‘Peter Voser’

Shell’s UK corporation tax bill tumbles

Extracts from an article by ROB DAVIES published 9 April 2014 by This is Money.co.uk under the headline: “Shell’s UK corporation tax bill tumbles by nearly 90 per cent as company invests more in North Sea and production declines” Shell’s UK corporation tax bill tumbled by nearly 90 per cent to just £55.5m last year, […]

Shell Oil Boss Marvin Odum Should Resign after Alaskan Debacle

Now we have further confirmation that Shell was trying to dodge a multimillion tax bill. This time confirmation comes from the findings of an investigation by the Coast Guard division of US Homeland Security. There are going to be more Royal Dutch Shell executives looking for alternative employment… And Marvin Odum, Shell’s boss in the […]

Peter Voser regrets on unconventional oil and gas

Peter Voser said the failure of Royal Dutch Shell’s huge bet on US shale was a big regret of his time as chief executive of the company. Shell has invested at least $24bn in so-called unconventional oil and gas in North America. But it is a bet that has yet to pay off. “Unconventionals did […]

The scandal of Corporate bonuses, and why they continue:

Extract from an informative article by former Royal Dutch Shell senior executive, Paddy Briggs, published 27 Feb 2014 Seven-figure bonuses are common across the corporate world – at the very top of course! Here, for example, is what “The Guardian” reported about the remuneration of Peter Voser the then top man in Shell just under […]

Ben Van Beurden’s plans overshadowed by Peter Voser’s £22m pay deal

Extracts from an article by ROB DAVIES published on 14 March 2014 by The Daily Mail newspaper under the headline: “Shell boss Ben Van Beurden’s plans for the company are overshadowed by former boss Peter Voser’s £22m pay deal” Shell boss Ben van Beurden’s grand plan to spruce up the oil giant has been overshadowed […]

Former Shell boss’s pay halved after poor performance

Extracts from a Reuters articled published Thursday 13 March 2014 (Reuters) – The pay of Royal Dutch Shell’s former chief executive, Peter Voser, halved to $11.24 million last year following what the company described as a disappointing performance. Shell suspended its controversial Arctic drilling programme earlier this year and pledged to cut spending and streamline […]

Former Shell chief paid £22m over two years despite profit warning

Article by Terry Macalister published by TheGuardian.com Thursday 13 March 2014 Annual report reveals how Peter Voser made enormous gains through share awards and other performance-related bonuses Former chief executive Peter Voser left Shell at the turn of the year. Photograph: Guido Benschop/AFP/Getty Images Shell paid former chief executive Peter Voser £22m over two years […]

Royal Dutch Shell Uncertainty in Ukraine

*Three days after Russian diplomats assured the West that Russia will not invade Ukraine, Russia … invaded Ukraine. Photo Credit By John Donovan In 2012 Shell won a license to start commercial production at the Yuzivska gas field in eastern Ukraine. A year ago then Royal Dutch Shell CEO Peter Voser signed a contract to […]

Intrigue over unexplained sudden exit of Shell legal chief Peter Rees QC

Extract from article published 24 Feb 2014 by Legal Week under the headline: “Former Shell legal chief Peter Rees QC to return to private practice” One source close to the matter said: “Only three people at Shell know the reason behind his exit: Peter, Ben and (chief human resources and corporate officer) Hugh Mitchell. ACCESS […]

Sinister Events In Ireland

OSSL and their allegations of Police corruption by Shell in relation to the Corrib Gas Project seems to have become entangled is an extraordinary situation involving the Irish Police Force (The Garda) and the authority responsible for independently investigating such allegations, the Garda Siochána Ombudsman Commission. In November Garda Commissioner Martin Callinan issued an astonishing […]

What you don’t know about Royal Dutch Shell’s Profit Warning

I can exclusively reveal today that the question of whether Shell was legally obliged to issue a profits warning did not first arise in relation to the final quarter. It was raised at the highest levels of Shell and of the Financial Conduct Authority some months earlier, in between the announcement of Peter Voser’s early […]

Shell’s fall from grace

In May 2013, when Voser’s retirement was announced, he was described by Reuters as having been Shell’s “renaissance CEO”. Fast-forward eight months and Voser’s successor stunned the market with a profits warning. It was a remarkably quick fall from grace for both the former chief and the company… …the company’s misstatement of its proven reserves […]

Ben van Beurden: Surely Shell could have chosen a leader untainted by scandal?

Ben van Beurden was private assistant and adviser to Sir Philip Watts during the two years prior to the shock announcement of the reserves scandal in January 2004, which resulted in a firestorm of devastating news coverage that still reverberates today, 10 years later. This was during the period when false information was routinely given to […]

Ben van Beurden will need more than PR skills to navigate Shell’s choppy seas

Ben van Beurden gave a flawless performance last week as he stepped onto the public stage for the first time as chief executive of Shell and sought to explain how the company had cut its annual profits in half despite a year of sky-high oil prices. He should have been torn limb from limb, but […]