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Posts Tagged ‘Enron’

Fired Shell CEO gets big severance

East Texas Review: Fired Shell CEO gets big severance

“Shell had been cooking its books Enron-style, claiming to own way more oil reserves than it actually has.”: “Thieves In High Places”

By Jim Hightower/Special to ETR

Posted 10 Sept 04

Getting fired is one of the sourest experiences you can have – unless, of course, you’re the head honcho of a major corporation. Far from being sour, getting booted from the top suite can be a mighty sweet experience.

Take the recent case of Sir Philip B. Watts, the former chairman of Shell Oil, which is based in London. He became known to many as Sir Philip the Finagler after it was discovered in an internal investigation that, on his watch, Shell had been cooking its books Enron-style, claiming to own way more oil reserves than it actually has. Thanks to this illegal accounting, the company now faces several investigations, major fines, and class-action lawsuits. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Post-Enron, post-Shell, post-WorldCom, post-Parmalat

TELLSHELL: Comment by former Shell geologist Dr John Huong on the Financial Times article: Governance: Managers look for the moral dimension: “Post-Enron, post-Shell, post-WorldCom, post-Parmalat”

“Reflections on the Essay By Mr Thomas Stewart on Corporate Governance and the morals at workplace environment

By Dr John Huong

Posted 1 September 2004

Thank you Mr Thomas Stewart for your excellent article on an important subject; it is appended below. I congratulate you for transforming the life of your former work colleague mentioned in your essay; a transformation which also benefited his family. It demonstrates the positive impact a few encouraging words can have on a work colleague (or indeed a family member or a friend). It is a fine example we should all remember. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Royal Dutch Shell – Conflict is not the only way

Financial Times: Conflict is not the only way: “When managers begin managing the company for themselves rather than for shareholders, conflict breaks out.”

By Morgen Witzel

Published: August 13 2004

Every business hasto deal with the views and demands of groups outside the organisation. Ultimately, businesses are part of society, and have to take account of society’s views. As businesses grow, their profile increases and they become better known, and this in turn leads to still greater external pressures.

The most important external group with which managers must deal are their own shareholders. Managers have a legal and moral duty to manage the company well and earn profits for this group. When managers begin managing the company for themselves rather than for shareholders, conflict breaks out. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

Pulse TC.com: Firing Shell’s Chairman?

Pulse TC.com: Firing Shell’s Chairman? “Sir Philip the Finagler after it was discovered in an internal investigation that, on his watch, Shell had been cooking its books Enron-style”

Wednesday 11 August @ 18:12:34

by Jim Hightower

Posted 12 August 04

Getting fired is one of the sourest experiences you can have – unless, of course, you’re the head honcho of a major corporation. Far from sour, getting booted from the top suite can be a mighty sweet experience.

Take the recent case of Sir Philip B. Watts, the former chairman of Shell Oil, which is based in London. He became known to many as Sir Philip the Finagler after it was discovered in an internal investigation that, on his watch, Shell had been cooking its books Enron-style, claiming to own way more oil reserves than it actually has. Thanks to this illegal accounting, the company now faces several investigations, major fines, and class-action lawsuits. read more

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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