Comments on: Shell Blog http://royaldutchshellplc.com News and information on Royal Dutch Shell Plc. Sun, 26 Apr 2015 19:42:46 +0000 hourly 1 http://wordpress.org/?v=4.1.4 By: The Chronicle http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1150892 Sun, 26 Apr 2015 19:42:46 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1150892 McKinsey are allegedly making solid progress in Upstream Americas according to ‘inside sources’ with reports of up to 30% surplus in some areas. Meanwhile HR are trying to persuade people there are no packages coming while quietly offering their own staff hundreds of thousands of dollars in compensation to leave early. I wish I worked for Bruce !

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By: Ex Corrib Project . http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1150834 Sun, 26 Apr 2015 06:31:10 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1150834 John, Shell / Garda alcohol story, quite amazing the cops are harassing the vendor with threats of imprisonment just ahead of the AGM, the dogs in the street know what happened here Shell are bully boys and they do use the cops like puppets it’s actually quite frightening.

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By: ANONYMOUS SOURCE http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1150139 Tue, 21 Apr 2015 19:26:19 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1150139 ABRUPT EXIT OF SHELL TREASURER ANDY LONGDEN

I believe that high profile gaps in Andy’s broad scope of his roles & responsibilities (R&R), 12 years in the same role, (too long for a senior executive), loss of key sponsor(s), and the perceived need for a game changer that
delivers on Ben’s strategy, new operational approach, and heavier (Treasury, M&A, Pensions, and governance) Finance footprint, might have been key in his departure.

Also, remember that Andy and Ben Van Burden come from very different backgrounds. Ben is a Shell homegrown senior leader (with 30+ years), while Andy is an experienced hire. Common knowledge is that the retention history for experienced hires senior leaders is poor at Shell. Why? My understanding is that because Shell is a relationship company, many experienced hires are unable to adequately fit in and build the mentor/sponsor /other relationships that are critical for success in the company.

As to high profile gaps in Andy’s scope of R&R, any could have been used as a justification for a change such as:

1) Pension costs ($2 billion increase in pension funding is projected for 2015 (see Shell Annual report note 17 – Retirement benefits), Also, there was noise around Shell realizing over $600 million USD in pension losses in the highly publicized Bernard Madoff Ponzi scheme, uncovered in 2008,

2) UAU M&A and billions in write downs,

3). Ongoing governance issues, (flawed decisions and/or absence of appropriate actions or interventions because of management tension to achieve targets, inadequate oversight/asset integrity),

4).Other Treasury activities, (such as financial performance, cash management, investor relations, sub-optimum share based compensation delivery schemes, poor
capital discipline, to name a few.)

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By: Outsider http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1150081 Tue, 21 Apr 2015 09:50:17 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1150081 So will Total play the White Knight to assist BP in avoiding a hostile takeover? Total are also a potential takeover target, so they may have good reason to help BP out.

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By: Relieved http://royaldutchshellplc.com/wp-wall-guestbook/#comment-1149444 Fri, 17 Apr 2015 14:16:31 +0000 http://royaldutchshellplc.com/?page_id=16226#comment-1149444 John,
Thanks for the advice you posted for those who may be considering bringing suit against Shell. It was quite interesting. I am certain potential litigants will find it informative and helpful.

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