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Posts Tagged ‘Dutch’

Shell Live Chat Posting by a disillusioned Shell Pensioner

POSTING ON “SHELL LIVE CHAT” BY A SHELL PENSIONER, Thursday 11 December 2008

I just received a letter from Shell Pensionfund (dutch) that the coverage has dropped to 85% (Dutch legal limit is 105%). About a year ago it was around 170% I believe.

Some amateurs have been gambling with the fund and now there is a huge shortfall. I still have the letters of the past where they were congratulating themselves with the good management and strategies… And no doubt cashing in big bonusses. Why did nobody convert shares to bonds when there was this enormous surplus? That would be good husbandry. But like other Shell functions, it always has to be better and more.

First the stupid reorganisation of the nineties, then the reserves scandal, then the projects scandals, now the pensionfunds. And as a retiree there is nothing one can do.

Shell Global Solutions sees chances in rising oil price

Spurred by soaring global oil prices, Shell Global Solutions (SGS), a subsidiary of Dutch oil giant Shell, will focus on developing advanced technology to boost economic benefits, its executives say.

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France looks at ways to curb ‘fat cat’ salaries across the EU

The proposed “fat cat tax” has provoked anguished protests from large Dutch companies, who say that it will ruin their ability to compete on the European, and international, market. Some companies, including Royal Dutch Shell, have warned that they might move their headquarters to another country.

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Shell/Exxon NAM may reopen Dutch oilfields

NAM is considering reopening some oilfields in the west of the country, Dutch newspaper De Telegraaf reported, as oil prices rocket to highs near to $128 a barrel.

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Nigerians seek damages from Shell over pollution

NEW YORK (Associated Press) – Four Nigerian villagers and an environmental group are demanding oil company Shell take responsibility for damage from oil leaks caused by its Nigerian subsidiary, lawyers said Wednesday.

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