Royal Dutch Shell News Friday 23 April, 2004
Apr 23rd, 2004
by John Donovan.
Royal Dutch Shell News Friday 23 April, 2004
Sacked Shell boss ‘escorted from HQ’
The Times: Shell: A very British kind of scandal: why Shell is no Enron
The Times: Waffle about values won’t tame the bully boss
The Times: SEC in U-turn on oil reserves reporting
Financial Times: An independent chairman at Shell Group a must (Letters Column)
Financial Times: KPMG and PwC braced for grilling over Shell audit
REPORT OF DAVIS POLK & WARDWELL TO THE SHELL GROUP – AUDIT COMMITTEE EXECUTIVE SUMMARY
The Economist: Humiliation: A once proud firm, brought down by its own flaws, needs a thorough shake-up
The Economist: Royal Dutch/Shell: Sick and tired about lying: “I AM becoming sick and tired about lying.” Those are not words shareholders want to hear from a senior executive. They are certainly not words anybody ever expected from an heir-apparent at Royal Dutch/Shell, one of the world’s largest—and until recently, one of its most admired—oil companies.”: “The report into how the phoney numbers emerged paints a picture of deception and backbiting at the top—and, despite ongoing board efforts to exonerate the new management, contains plenty to encourage shareholder lawsuits and, maybe, criminal prosecutions, not least in America, where jail may await. More senior Shell people may yet have to quit.” (ShellNews.net)
Janes.com: World oil crisis looms
Bloomberg.com: U.K. Financial Regulator Starts Probe of Shell Amid Reserve Cut
London Evening Standard: Fuel for thought over Shell
HoustonChronicle.com: British regulator announces probe of Shell parent
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