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Daily Telegraph (UK): Shell’s London dungeon

Daily Telegraph (UK): Shell’s London dungeon

Wednesday 29 June 2005

City diary

Edited by Sophie Brodie (Filed: 29/06/2005)

Shell’s three and a half hour long session (one agm, one court meeting and an egm), which consigned its Transport and Trading arm to history, seemed too much for Lord Oxburgh. At one point, he introduced non-exec Sir Peter Job as Sir Peter Burt. Job grumbles: “He ought to know me by now.”

Meanwhile, next’s year’s agm is unlikely to be held in the stifling Exel Centre in the Docklands. First Oxburgh complained he couldn’t hear a shareholder over the din of a plane taking off at nearby City airport. Then another non-exec, Lord Kerr, said he hoped the next meeting wouldn’t be held in “this ghastly dungeon”. Everyone agreed.

*As Lord Coe touches down in Singapore to try to hoover up last-minute votes ahead of next week’s decision on where the 2012 Olympics will be held, he won’t be encouraged by the result of Shell’s annual meeting yesterday.

To test out new electronic voting handsets, investors were asked: “Should London be the venue for the 2012 Olympics?” The answer was 71.3pc against. Lord Oxburgh of Liverpool, Shell’s UK chairman, quipped: “I hope we don’t have a direct line to Singapore.”

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