Reuters.com: Shell says Watts pay-off does not rule out legal action
Fri 25 June, 2004
LONDON (Reuters) – Royal Dutch/Shell’s pay-off agreement for sacked former chairman Phil Watts does not indicate that it has ruled out legal action against him, a spokesman says.
Asked if the announcement earlier in the day of a one million pound settlement meant the company SHELL had decided not to sue its disgraced boss, a spokesman said on Friday, “We cannot speculate on the outcome and implications of external investigations.”
He was referring to investigations that are under way by a number of national regulators, including the U.S. Securities and Exchange Commission and Department of Justice. They are probing the company’s overoptimistic reserves bookings which came to light this year. Watts’ was fired in March for his part in the affair.
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
