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Posts under ‘Sir Philip Watts’

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

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 […]

SEC continuing to scrutinise Shell’s claimed oil reserves

By John Donovan A letter emailed to Royal Dutch Shell Plc Chief Executive Officer, Ben van Beurden, on 23 Oct 2014, from the U.S. Securities & Exchange Commission, asked why Shell had omitted to supply in a Form 20-F filing, figures for Shell’s share of Kashagan proved undeveloped reserves. Shell’s partners in the much troubled Kashagan oil […]

CEO Ben van Beurden too honest to sign Shell’s Business Principles?

By John Donovan It is a year since Peter Voser left his job as Chief Executive of Royal Dutch Shell Plc to allegedly spend more time with his family. Soon after his surprise early exit, Shell announced a profits warning.  Leaving that contentious issue to one side, I am puzzled that his replacement Ben van […]

Tesco overstatement debacle reminiscent of Royal Dutch Shell reserves scandal

By John Donovan Tesco admits a £250m mistake in half-year profit calculations Tesco share value has plummeted after the supermarket giant announced this morning that it had overstated its half-year profit guidance by £250m. Four senior Tesco executives, including a managing director, have been suspended. In view of what happened to Shell when it overstated its hydrocarbon […]

John Alfred Donovan, Founder, Owner and Group Chairman, Royal Dutch Shell Plc

By John Donovan Interesting to note that my association with Royal Dutch Shell is so strong after a three decade relationship, that according to current information listed on zoom info (screenshot below), I am given credit as being the founder, owner and Group Chairman of Royal Dutch Shell Plc. Guess it was only a matter of […]

Little known key role of Michiel Brandjes in Shell reserves scandal

However, unbeknown to Van de Vijver, Michiel Brandjes (right), who was alarmed by the findings of the report, sent a copy to a New York law firm Cravath, Swaine & Moore. This meant that events were no longer in the control of Shell. Instead, Shell’s most sensitive issue since its close association with Adolf Hitler […]

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 […]

Royal Dutch Shell leadership: Bring back Sir Henri Deterding

If only it was possible to resurrect Sir Henri Deterding at his best, the extraordinary Dutchman who built the Royal Dutch Shell Group. In his first couple of decades at Shell he was a brilliant decisive leader brimming with ambition, ideas and incredible determination. He would have acted to exploit BP’s self-inflicted misfortunes, whereas Van […]

Energy giants battle to pump profits

At 55, Van Beurden, who replaced Peter Voser earlier this month, is a 30-year veteran at Shell where his career has mainly been focused on managing downstream businesses such as refining and chemicals. This week, as he announces full-year earnings, City analysts expect him to unveil details of a potential $15bn to $30bn (£9.1bn to […]

CFO Simon Henry: Just how many lives has this Shell fat cat got?

Simon Henry was CFO when the ship was set on its disastrous course of over-promise and under-delivery, beset by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.” He […]

10th ANNIVERSARY OF ROYAL DUTCH SHELL RESERVES SCANDAL

Since Royal Dutch Shell has apparently forgotten to mark the tenth anniversary of news breaking on 10 January 2004, that Shell had cooked its books by wildly inflating its claimed oil and gas reserves, it seems appropriate for me to do so on Shell’s behalf. The then Shell Group chairman, Sir Philip Watts was forced […]

Shell CEO Peter Voser: Did he jump or was he pushed?

Why would the issue of payment for loss of office even arise? Perhaps I am wrong but I am left with the impression that his early departure was by mutual consent and on the basis of no compensation for loss of office? In other words the board wanted him to leave early and he agreed? […]

Shell ‘is getting far too Dutch’

A senior executive at a leading City institution, who asked not to be named, said British investors were not being treated on a par with their Dutch counterparts. He said this was symptomatic of a trend that has seen the company increasingly consolidating power in The Hague and forgetting its British heritage. The oil giant […]

Shell: New Boss required but limited choices

As for Commander Odum, he of the theatre of Operations, only a marine incident etc school he was doomed not by the grounding of the good ship Kulluk, but in the lie telling that followed.  It was not I fear just poor Lawrence of Alaska who suffered from this misadventure.  COMMENT RECEIVED FROM BILL CAMPBELL, […]

Shell’s new CEO reinforces gas technology focus

 …van Beurden is from the downstream part of the business which wrested control from the upstream oil and gas division in the aftermath of Shell’s reserves accounting crisis of 2003/2004. A chemical engineering graduate, van Beurden had a front seat for the crisis, in which the company was forced to downgrade its oil and gas […]

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