But having said all this, you are right again that the SEC now themselves should be doing some major mea culpa for not overseeing the real criminals in the finance world. Our beloved leader of the past, the borne again christian Philippus Watts, would have made a great investment banker. And he will still occupy a seat next to the likes of bishop Mugabe in his afterlife. And it will be hot there!
Paddy Briggs
Live Chat debate initiated by Iain Percival, retired Royal Dutch Shell Global Chief Petroleum Engineer
Email to Richard Wiseman, Chief Ethics & Compliance Officer, Royal Dutch Shell Plc: Alarmed Shell Pensioner
Since you have kindly recently answered questions raised by me on other subjects, I feel sure you will want to deal with this matter which is of great concern to Shell pensioners. You might also wish to comment on the related posting by former Shell exec Mr Paddy Briggs.
Time is ripe for greater public control of the oil industry in Europe
But, as we have seen, the pursuit of personal reward by top executives, driven by a pursuit of profit above everything else, can lead to disaster as it has in the banking sector and as it did for Enron and very nearly for Shell as well at the time of its reserves crisis a few years ago.
Paddy Briggs leadership of the world’s largest re-imaging programme’
(UPDATED INFORMATION: AS OF JAN 2010, PADDY BRIGGS BECAME AN ELECTED TRUSTEE OF THE SHELL CONTRIBUTORY PENSION FUND)
By John Donovan
As regular visitors are aware, former Royal Dutch Shell executive, Paddy Briggs, is a welcome contributing author of insightful articles on this website.
Paddy is a modest fellow so it was interesting to stumble across a reference to him and his leadership at Shell of the world’s largest re-imaging programme’ on pages 378/379 of the book: A CENTURY IN OIL
Why does Shell not promote its gas brand V-Power properly?
Today with over 40,000 gas (petrol) stations in around 100 countries Shell is by some distance the most visible retail brand in the world.
Former Shell Exec Paddy Briggs comments on Shell’s sale of its stake in the London Array Wind Farm
By Paddy Briggs
This is important news. These two major companies would not have made this investment if they did not think that the project was viable. So Shells withdrawal has nothing to do with the inherent merits of the project but with their continued aversion to activities away form their core hydrocarbon business. As a shareholder I have no problem with this. As Tom Peters wisely said – STICK TO YOUR KNITTING !
What I object to, however, is the continued claims by Shell and other Oil Majors that they are genuinely interested in Renewables. The reality is that they have neither the time nor the skills nor the imagination to be heavily involved in Wind Energy (etc.). The number of staff, the capital investment and the revenue expenditure on Renewables is minuscule compared with the core hydrocarbon business. But the rhetoric in the corporate advertising of Shell and the rest is quite disproportionate to this reality. It really is utterly hypocritical.
Comments of former Shell Exec Paddy Briggs on Linda Cook
By Paddy Briggs
There are many who believe that many of Shells problems in recent times has come from a growing Americanisation of this historically European company. My experience with senior Americans (Jim Morgan, Steve Miller, Lynn Elsenhans and others) was that they were usually likeable but wholly unsuited to the international character of Shell. The regrettable centralisation of decision making is an American led virus. Linda Cook has no international experience to speak of and she sounds like an archetypal centralising American business apparatchik – the last thing Shell needs just now.
Guns and Oil: How The Multinational Oil Companies Are Queuing For Their Rewards
Iraq: ...the reason that Shell and ExxonMobil and the rest are confident of riches is because they have the best supporter of all to guarantee it for them. The United States military.
Comment by former Shell executive Paddy Briggs: For once I (sort of) agree with Jeroen
High Prices lead to high profits. High profits lead to high director remuneration. QED - tis in the interest of the high priced help in Shell (etc.) to keep the oil price high -whatever they may say!
Shell walks away from its drivers – and from its customers as well
One of the modern shibboleths that businesses seem to worship is that of "contracting out" wherever possible - hire an outside contractor when you need to rather than managing that activity yourselves, especially when that activity is problematic in some way. But what if that activity is pretty crucial to your business and what, even more importantly, if it is crucial to your reputation?
Comment by former Shell exec Paddy Briggs on UK tanker driver pending strike: Is Shell really locked in talks? I doubt it.
Is Shell really locked in talks? I doubt it. Remember that they walked away from involvement in oil product distribution years ago when they sacked their drivers and contracted out.
Shell’s “Golden Handcuffs” Retention Bonuses: Former Shell Exec Paddy Briggs, calls for the resignation of Shell Director Sir Peter Job
Description of Shell non-executive director Peter Job at the Royal Dutch Shell Plc AGM: He bluffed and blundered to little effect and showed precious little understanding of the issues. There was absolutely no justification given for the scandalous "retention bonuses"...
Article by former Shell Exec Paddy Briggs: Another Shell “Business Principle” bites the dust
I naturally asked about this very prominent display and was told how close Shell Oil people in Houston were to the Bushes. Pity you cant help their election campaigns I said cheekily. What makes you think that? my host replied.
Anger at Shell’s Golden Handcuffs
...sources say that Shell seems very willing to ensure that its top executives maintain their high-living lifestyles when they retire, whilst turning a blind eye to the thousands of their ex-employees who live in less comfortable circumstances.
Former Shell Exec Paddy Briggs comments on the article: Anger at Shell’s golden handcuffs
There is a common pattern here - greed mendacity, selfishness and, most culpable of all, stupefying ignorance. Add to this a meanness of sprit - no wonder many of us in the Shell afterlife feel that we don't know the company at all any more.
Paddy Briggs: ‘The Tragedy of Corrib’
Paddy Briggs's remarkable report on the ill-starred Corrib Natural Gas project "The Tragedy of Corrib" has now been published and is available from the publishers at a cost of £4.30 (plus p&p).