The need to adapt Shell to a lower oil price environment, partly through cutting thousands of jobs, is now Mr Voser's agenda. "Too consensus- oriented," he called a company whose culture he also hopes to change.
Royal Dutch Shell
The big name: Peter Voser
Angry shareholders ambush the top pay bandwagon
Its managing director, Alan MacDougall, says that if Shell, for instance, fails to put its house in order, ministers will need to "rewrite the corporate governance rulebook" and make majority shareholder votes at annual meetings binding on management.
Battle of the bonuses targets a $100m boss
Jubb last week held Sir Peter Job, head of Shell's remuneration committee, to account over a decision to agree bonuses for top bosses, even though Shell had fallen short of its targets
Going deeper than the rest
Shells Perdido platform may provide lessons in innovation to industry
Well-off chiefs turn to charity
Jorma Ollila, chairman of Nokia and Royal Dutch Shell, says it can help win back respect as long as it does not look like an afterthought. "The best thing is if you don't do it after the facts but that it is an ongoing feeling," he says. "Philanthropy is one way [to regain public trust] but it needs to be part and parcel of what you do every day."
Sharp divide in public opinion on bonus culture
Outrage is felt not just by the general public but by fellow business leaders. Jorma Ollila, chairman of Nokia and Royal Dutch Shell, said: "It doesn't help any of us when we have such public instances of excess and even wrongdoing."
Royal Dutch Shell and Royal Bank of Scotland to merge
Posted on March 31st, 2009
by Paddy Briggs RDS and RBS to mergeBY
Flora Poi
The leaked news, yet to be confirmed but buzzing around the City, that the two regal corporations Royal Bank of Scotland and Royal Dutch Shell are to merge has caught analysts and legislators off their guard. The idea that a failing bank and a struggling oil company should pool there resources seems extraordinary but no stranger than the bizarre train of circumstances that has led to this apparent accord. The further leaked insider information that the two beknighted ex-CEOs of Shell and RBS, Sir Philip Watts and Sir Fred Goodwin, are to be jointly tasked with the creation of the new global giant has rocked the city to its foundations Its as if Lehman Brothers went bust one insider said over a large glass of Château Margaux 1986.
Shell to Sea campaigner jailed for 28 days for assault on garda
In sentencing her, Judge Devins told Ms Harrington she was less inclined to believe in her passion for her cause having witnessed the enjoyment she seems to get in being in the public limelight.
Despite Recession and Prices, Exxon Plans to Expand
Oil prices have dropped more than $100 a barrel since their peak last summer, but Mr. Tillerson seemed unmoved. We told our people to ignore all this noise about $100 oil, he said. We were not planning for a world of $100 oil, or $200 oil. Were not having to huddle up or get on special meetings every other day. We really are making no adjustments to our business strategy. Around the house it feels pretty much business as usual.
Major job cuts at Shell
It has gone from the petty to the ridiculous... How can a company that for the last two years has boasted the largest profits in British history now go on to be cutting sandwiches and fruit... and encouraging their employee's to get their own lunch.
Gold-plated retirements
In spite of losing his job, Sir Philip managed to hang on to a not insubstantial annual pension of almost £600,000.
Shell says Qatar Pearl project tough but on track
"It's a very challenging project, but so far so good," Linda Cook, Shell's executive director for gas and power, told reporters on the sidelines of a conference.
NAM to restart drilling at Dutch onshore oilfield
The Dutch NAM oil joint venture, owned by Royal Dutch Shell (RDSa.L) and Exxon Mobil (XOM.N), said on Wednesday it would start drilling at an onshore Dutch oilfield this week with production set to restart in 2010.
BG Group bids for Australian gas company
Royal Dutch Shell last year joined forces yesterday with Arrow Energy to develop projects in Australia and international markets when it agreed to invest up to A$776m to buy 30 per cent of Arrows coal bed methane acreage in Queensland and 10 per cent of its international assets. Arrow is also a major shareholder in Pure Energy.
Ensure there is no backlash against foreign workers says Lord Kerr, Deputy Chairman, Royal Dutch Shell
Published: February 6 2009 02:00 | Last updated: February 6 2009 02:00
From Mr Roland Rudd and others.
Sir, At this time of economic difficulty and real hardship for many people, it is more important than ever to cherish the principle of the free movement of labour in the European Union. This has been called into question by the strikes at the Lindsey oil refinery and elsewhere. The fundamental principle of the European single market is the free movement of goods, capital, services and labour. This means that continental European companies can invest in the UK; such investment generates economic growth and productivity. Similarly it enables UK companies to trade easily and invest in the rest of Europe. It is estimated that the single market is worth £20bn annually to the UK.
Florida’s troubled state pension fund dumped $1 billion “prohibited” stocks, including Royal Dutch Shell
A law passed by the legislature in 2007 (Protecting Florida's Investment Act, PFIA) required the state pension fund to sell off any assets in companies that do business with countries on the US list of state sponsors of terrorism - principally Iran and Sudan. So far the state pension fund has sold more than $1.15 billion in probited companies. Among the divestments were several major oil and gas companies, including Brazil's Petrobras ($206 million), Total of France ($214 million) and Royal Dutch Shell ($215 million).