Aug 30th, 2010
by John Donovan.
Daily Mail: Selfishness won’t pay off, says Shell
“Shell refused to comment on whether it is reviewing the role of its auditors, KPMG and PricewaterhouseCoopers. The accountants may be targeted by the US law firm leading the class action suits against the embattled oil major.”
By Ruth Sunderland
30 August 04
EMBATTLED oil giant Shell is introducing a new bonus scheme next year to stamp out a selfish ‘me-first’ culture and encourage workers to devote themselves to the greater good of the company.
The group has come under fire for its lavish payouts to former bosses ousted in the wake of the reserves scandal that dragged it into unprecedented disgrace.
Sir Philip Watts received a £lm payoff and Dutchman Walter van de Vijver got £2.5m.
Boss Jeroen van der Veer said he hoped the new incentive plan would encourage staff to prioritise ‘enterprise first’ rather than ‘self first’. read more
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Aug 30th, 2004
by John Donovan.
Daily Telegraph: Shell will abolish ‘discovery bonus’
“Crisis-hit Shell is scrapping a controversial scheme which links staff pay levels to the amount of oil and gas employees find.”: “latest attempt by Shell to restore its reputation”
By Christopher Hope, Business Correspondent (Filed: 30/08/2004)
Crisis-hit Shell is scrapping a controversial scheme which links staff pay levels to the amount of oil and gas employees find.
Van der Veer: new scheme would encourage staff to think ‘enterprise first’ rather than ‘self first’
The news is the latest attempt by Shell to restore its reputation after its disastrous admission that it had exaggerated its “proven” oil and gas reserves by 23pc earlier this year. read more
and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
Aug 30th, 2004
by John Donovan.
The Scotsman: Auditors dragged into Shell lawsuit
“role of auditors KPMG and PricewaterhouseCoopers in the scandal that wiped £2.9 billion off Shell’s market capitalisation in one day.”
CATRINA STEWART
30 August 04
AUDITORS might find themselves implicated in the reserves scandal surrounding oil major Shell as lawyers leading US class actions against the company prepare to file an amended complaint.
Bernstein Liebhard & Lifshitz, the Wall-Street law firm leading the class action on behalf of individual investors, said that it was looking at the role of auditors KPMG and PricewaterhouseCoopers in the scandal that wiped £2.9 billion off Shell’s market capitalisation in one day. read more
and its sister non-profit websites
royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and
shell2004.com
are owned by
John Donovan. There is also a
Wikipedia feature.
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