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CEO Ben van Beurden too honest to sign Shell’s Business Principles?

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Screen Shot 2014-10-30 at 09.22.43By John Donovan

It is a year since Peter Voser left his job as Chief Executive of Royal Dutch Shell Plc to allegedly spend more time with his family. Soon after his surprise early exit, Shell announced a profits warning. 

Leaving that contentious issue to one side, I am puzzled that his replacement Ben van Beurden has still not put his name and signature  to the Shell General Business Principles document.

As can be seen, as of todays date, it is still displayed on shell.com signed by Peter Voser in his capacity as Royal Dutch Shell Chief Executive Officer. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Tesco overstatement debacle reminiscent of Royal Dutch Shell reserves scandal

Screen Shot 2014-07-04 at 14.03.36By John Donovan

Tesco admits a £250m mistake in half-year profit calculations

Tesco share value has plummeted after the supermarket giant announced this morning that it had overstated its half-year profit guidance by £250m.

Four senior Tesco executives, including a managing director, have been suspended.

In view of what happened to Shell when it overstated its hydrocarbon reserves, can we expect law suits, investigations, fines, credit rating downgrades and resignations?

Royal Dutch Shell Group Chairman, Sir Philip Watts (right), was forced to resign and turned to religion. He is now a priest. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

John Alfred Donovan, Founder, Owner and Group Chairman, Royal Dutch Shell Plc

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3 July 2014

By John Donovan

Interesting to note that my association with Royal Dutch Shell is so strong after a three decade relationship, that according to current information listed on zoom info (screenshot below), I am credited as being the founder, owner and Group Chairman of Royal Dutch Shell Plc. Guess it was only a matter of time. I now await the appropriate fat cat financial package with a multi-million pension pot.

CLICK ON IMAGE TO ENLARGE

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zoominfo.com page 22 Sept 2015

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Little known key role of Michiel Brandjes in Shell reserves scandal

Screen Shot 2014-03-09 at 23.42.12However, unbeknown to Van de Vijver, Michiel Brandjes (right), who was alarmed by the findings of the report, sent a copy to a New York law firm Cravath, Swaine & Moore. This meant that events were no longer in the control of Shell. Instead, Shell’s most sensitive issue since its close association with Adolf Hitler and the Nazis several decades ago, had been disclosed to an outside firm, that had to consider and protect its own reputation.

By John Donovan

In May 2003, Frank Coopman, the then Chief Financial Officer of Shell EP, delivered bad news about Shell’s operations in Nigeria to the Chief Executive of Shell EP, Walter van de Vijver.

Van de Vijver sent Coopman back to Nigeria to investigate further.

The subsequent findings, set out in a status report, were even more devastating, revealing an overstatement of 1.1 billion boe.

Van de Vijver had instructed a team led by Coopman to work on the reserves issues.

The team included a top Shell lawyer, Michiel Brandjes, the then Company Secretary of Royal Dutch Petroleum. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Ben van Beurden: Surely Shell could have chosen a leader untainted by scandal?

Screen Shot 2013-10-16 at 15.23.29Ben van Beurden was private assistant and adviser to Sir Philip Watts during the two years prior to the shock announcement of the reserves scandal in January 2004, which resulted in a firestorm of devastating news coverage that still reverberates today, 10 years later. This was during the period when false information was routinely given to investors about Shell’s claimed oil and gas reserves. As private assistant and adviser to Watts, Ben van Beurden must have known what was going on and must have been complicit in the cover-up? Is it impossible to find suitable Shell leadership candidates untainted by failure and scandal?

By John Donovan

The Observer newspaper has today made the valid point that “Van Beurden knows what failure looks like, as he was a personal assistant to former chairman Sir Philip Watts when Watts was axed over the reserves scandal of 2004.”

This startling fact has rightly been highlighted in a number of articles published since the appointment of Ben van Beurden as the new CEO of Royal Dutch Shell Plc was first announced.

Ben van Beurden was private assistant and adviser to Sir Philip Watts during the two years prior to the shock announcement of the reserves scandal in January 2004, which resulted in a firestorm of devastating news coverage that still reverberates today, 10 years later. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Ben van Beurden will need more than PR skills to navigate Shell’s choppy seas

Screen Shot 2014-01-21 at 09.07.53Ben van Beurden gave a flawless performance last week as he stepped onto the public stage for the first time as chief executive of Shell and sought to explain how the company had cut its annual profits in half despite a year of sky-high oil prices. He should have been torn limb from limb, but instead City analysts were content to believe his well-spun litany of excuses, mostly blaming outside forces rather than the poor decision-making and performance of the team he now leads. …he could not entirely escape personal responsibility, since he was formerly head of chemicals and, for nine months last year, head of the group’s huge downstream division. Pet projects of Voser’s will feel the axe. Divestments will be made, spending curtailed and writedowns – multibillion-dollar ones, clearly – taken. Van Beurden knows what failure looks like, as he was a personal assistant to former chairman Sir Philip Watts when Watts was axed over the reserves scandal of 2004.

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The new boss put up a brave showing last week, but he faces a battle to stop the oil firm from sailing into more trouble

The Observer,

Ben van Beurden gave a flawless performance last week as he stepped onto the public stage for the first time as chief executive of Shell and sought to explain how the company had cut its annual profits in half despite a year of sky-high oil prices.

The Shell lifer was able to paper over the reasons for Shell’s “loss of momentum”, as he called it, through a mixture of boundless self-confidence and strong communication skills.

He should have been torn limb from limb, but instead City analysts were content to believe his well-spun litany of excuses, mostly blaming outside forces rather than the poor decision-making and performance of the team he now leads. The Shell share price has dipped a mere 3% since a profit warning two weeks ago. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Royal Dutch Shell leadership: Bring back Sir Henri Deterding

Screen Shot 2014-02-01 at 10.22.50If only it was possible to resurrect Sir Henri Deterding at his best, the extraordinary Dutchman who built the Royal Dutch Shell Group. In his first couple of decades at Shell he was a brilliant decisive leader brimming with ambition, ideas and incredible determination. He would have acted to exploit BP’s self-inflicted misfortunes, whereas Van der Veer and Voser let the opportunity pass and instead took Shell down a disastrous path placing all bets on so-called elephant projects that turned out to be white elephants.

By John Donovan

In my view, the last Shell executive director/Chairman who had any gumption and plain commonsense was Sir John Jennings.

Since his time, long term Shell shareholders have witnessed a parade of hopelessly incompetent Royal Dutch Shell fat cat bosses.

The roll call of failed leaders includes Sir Philip Watts, Jeroen van der Veer and Peter Voser.

All three mired by disappointment and scandal.

Jorma Ollila has been non-executive Chairman of Royal Dutch Shell Plc for several years spanning the tenures of the last two failed CEO’s and has proven equally uninspiring and flawed. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Energy giants battle to pump profits

Screen Shot 2013-11-13 at 07.38.22At 55, Van Beurden, who replaced Peter Voser earlier this month, is a 30-year veteran at Shell where his career has mainly been focused on managing downstream businesses such as refining and chemicals. This week, as he announces full-year earnings, City analysts expect him to unveil details of a potential $15bn to $30bn (£9.1bn to £18.1bn) garage sale… Shell has a reputation for gluttony when it comes to tackling giant energy projects, betting billions of dollars on strategic investments aimed at building reserves and capturing future demand decades in advance. Those days may be over.

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By 8:00PM GMT 25 Jan 2014

On the face of it, Royal Dutch Shell’s new chief executive, Ben van Beurden, and Bob Dudley, his counterpart at , are a world apart.

At 55, Van Beurden, who replaced Peter Voser earlier this month, is a 30-year veteran at Shell where his career has mainly been focused on managing downstream businesses such as refining and chemicals.

This week, as he announces full-year earnings, City analysts expect him to unveil details of a potential $15bn to $30bn (£9.1bn to £18.1bn) garage sale, signalling a new era of capital discipline and streamlining at the Anglo-Dutch supermajor. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

CFO Simon Henry: Just how many lives has this Shell fat cat got?

Simon Henry was CFO when the ship was set on its disastrous course of over-promise and under-delivery, beset by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.” He has had a hand on the helm throughout the long voyage, during the Sakhalin2 debacle, the Corrib Gas Corruption scandal and more recently, Shell’s Arctic ambitions hitting the rocks. As I have previously pointed out, he also had a starring role in the reserves scandal and managed to evade the flak on that occasion as well. Just how many lives has this Shell fat cat got?

By John Donovan

The role of RDS Chief Financial Officer, Simon Henry, in the instability that has overtaken Shell, thus far seems to have largely escaped scrutiny and blame?

He is the most senior remaining Royal Dutch Shell executive spanning the tenure of the last three top executives at Shell, Sir Philip Watts (dishonest bullying egomaniac), Jeroen van der Veer (dishonest and out of his depth) and Peter Voser (incompetent and ill-advised).

Simon Henry was CFO when the ship was set on its disastrous course of over-promise and under-delivery, bedeviled by project delays and cost overruns, resulting in the recent profits warning and the dramatic advice just issued by Zacks Investment Research that Royal Dutch Shell Plc is “a risky bet that ordinary investors should exit.” read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

10th ANNIVERSARY OF ROYAL DUTCH SHELL RESERVES SCANDAL

Since Royal Dutch Shell has apparently forgotten to mark the tenth anniversary of news breaking on 10 January 2004, that Shell had cooked its books by wildly inflating its claimed oil and gas reserves, it seems appropriate for me to do so on Shell’s behalf. The then Shell Group chairman, Sir Philip Watts was forced to resign, but to buy his silence was handsomely  rewarded for screwing Shell shareholders, receiving a financial package reportedly worth $18.5 million. He later repented his sins and became a priest. His chief of Exploration & Production, Walter van de Vijver was knifed in the back by his director colleagues, including John Hofmiester and Jeroen van der Veer, in what can fairly be described as a sadistic sacking. Plenty of scope and evidence if Martin Scorsese is planning a follow-up movie to The Wolf of Wall Street featuring another huge scam involving outlandish but real events and overpaid, ethically challenged individuals, driven by ego and unbridled greed.

By John Donovan

Screen Shot 2014-01-15 at 08.41.45Since Royal Dutch Shell has apparently forgotten to mark the tenth anniversary of news breaking on 10 January 2004, that Shell had cooked its books by wildly inflating its claimed oil and gas reserves, it seems appropriate for me to do so on Shell’s behalf.

The then Shell Group chairman, Sir Philip Watts was forced to resign, but to buy his silence was handsomely  rewarded for screwing Shell shareholders, receiving a financial package reportedly worth $18.5 million. He later repented his sins and became a priest. His chief of Exploration & Production, Walter van de Vijver was knifed in the back by his director colleagues, including John Hofmiester and Jeroen van der Veer, in what can fairly be described as a sadistic sacking.
read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell CEO Peter Voser: Did he jump or was he pushed?

Screen Shot 2014-01-02 at 11.51.16Why would the issue of payment for loss of office even arise? Perhaps I am wrong but I am left with the impression that his early departure was by mutual consent and on the basis of no compensation for loss of office? In other words the board wanted him to leave early and he agreed?

By John Donovan

I was intrigued by the inclusion of the following statement by Shell in the Remuneration Disclosure for Peter Voser published earlier today:

Payment for loss of office
No payment for loss of office is made or will be made to Peter Voser.”

Consequently I sent the following email to a source with Shell insider knowledge:

Wording seems odd to me?

Why would the issue of payment for loss of office even arise?

Perhaps I am wrong but I am left with the impression that his early departure was by mutual consent and on the basis of no compensation for loss of office? read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell ‘is getting far too Dutch’

Screen Shot 2013-12-21 at 00.36.50A senior executive at a leading City institution, who asked not to be named, said British investors were not being treated on a par with their Dutch counterparts. He said this was symptomatic of a trend that has seen the company increasingly consolidating power in The Hague and forgetting its British heritage. The oil giant last year scrapped a London event that featured a live TV link-up to its annual meeting in The Hague, sparking outrage among investors.

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Screen Shot 2013-12-21 at 00.26.46By Rob Davies: 

Shell is coming under growing pressure from shareholders to hold every other annual meeting in London, with one major investor warning that the firm is becoming ‘too Dutch’.

A senior executive at a leading City institution, who asked not to be named, said British investors were not being treated on a par with their Dutch counterparts.

He said this was symptomatic of a trend that has seen the company increasingly consolidating power in The Hague and forgetting its British heritage. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell: New Boss required but limited choices

Screen Shot 2012-09-19 at 09.13.48As for Commander Odum, he of the theatre of Operations, only a marine incident etc school he was doomed not by the grounding of the good ship Kulluk, but in the lie telling that followed.  It was not I fear just poor Lawrence of Alaska who suffered from this misadventure. 

COMMENT RECEIVED FROM BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL:

Dear John

It was not a surprise to me that Simon Henry was not in the running, the Head Shed watchers of this website would have realised that he carried heavy baggage from the reserves affair, also Shell does not appreciate the washing of its dirty linen in public, the stories for example from the lips of Simon that Pastor Phil (did he have an out of spacesuit experience when he passed through the heavenly layer on his way back to ground at Maastricht and was thus converted) was carrying a huge chip on his shoulder because he was not an Oxbridge man, who knows.  Henry, as the Bedouin are fond of saying say, was outside the tent pissing in, an unforgivable sin. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell’s new CEO reinforces gas technology focus

 Screen Shot 2013-07-10 at 00.09.36…van Beurden is from the downstream part of the business which wrested control from the upstream oil and gas division in the aftermath of Shell’s reserves accounting crisis of 2003/2004. A chemical engineering graduate, van Beurden had a front seat for the crisis, in which the company was forced to downgrade its oil and gas reserves that top executives had over-estimated for years. He worked between 2002 and 2004 as management assistant to Phil Watts, the head of company who was sacked in the aftermath of the debacle in 2004.

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LONDON | Tue Jul 9, 2013 9:38am EDT

(Reuters) – Royal Dutch Shell (RDSa.L) named refining head Ben van Beurden as its new chief executive, picking a man with little board-level experience but broad company exposure and first-hand knowledge of the gas technology it has bet its future on.

Van Beurden, who became head of refining, marketing and chemicals in January, has been at the Anglo-Dutch group for 30 years and spent a decade in the liquefied natural gas (LNG) industry. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

In the new Shell to lie is acceptable unless your found out

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Screen Shot 2013-05-21 at 23.30.59The crisis in my book, and we are far from the endpoint in this, is that RDS officials lied in that the decision to move Kulluk was not related to tax avoidance when it was.  Perhaps that is why the RDS CEO has taken a closer interest in his family and the sustainability of his future.

ARTICLE BY BILL CAMPBELL, RETIRED HSE GROUP AUDITOR, SHELL INTERNATIONAL

In the new Shell, that which developed in the days of post transformation, group dancing in that nice hotel near the Het Loo Palace, with the dear leader Watts arriving from space etc around the same time, who can forget those heady days.  Is that when to lie and deceive became the norm in the head sheds of The Hague. Is that when the growth of VP’s started, not the Joe Biden variety, the Shell model, we currently appear to have more VP’s than indian meals sold in Bradford on a Friday night. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan

Shell under the skin, 10 years after crisis

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LONDON | Wed May 29, 2013 7:31pm EDT

(Reuters) – A decade ago, Royal Dutch/Shell’s (RDSa.L) boss was fighting to close the gap between the truth about his company’s oil and gas reserves and the much larger figure in its accounts.

He lost the fight, and his job. Scandal engulfed one of the world’s biggest companies, exposing years of neglect.

Fast forward to May 2013, and the surprise news that chief executive Peter Voser will retire next year caused barely a ripple. Shell has recovered shareholder confidence. But while the risks may all be in the open now, they remain big. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellnazihistory.com, shellnews.net and cybergriping.com are all owned by John Donovan
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