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Posts Tagged ‘Worldcom’

Asians fail to join class action claims

According to Goal, almost $12bn in settlements, to which shareholders were entitled, was not reclaimed through class actions from 2000 to 2007. The list includes settlements against Enron, Worldcom, Parmalat and Royal Dutch Shell.

royaldutchshellplc.com and its also non-profit 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.

European frauds such as Vivendi, Royal Dutch Shell and Parmalat demonstrated that corporate scandals were not confined to the US.

Post-Enron, post-Shell, post-WorldCom, post-Parmalat, the collective knickers of the business world are in a twist about ethics, and rightly so.

royaldutchshellplc.com and its also non-profit 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 also non-profit 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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