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March 28th, 2011:

Enron was populated by a host of former Shell USA managers

POSTING BY AN OUTSPOKEN FORMER EMPLOYEE OF SHELL OIL USA

Saw your article on Enron and Shell.

FYI Enron was populated by a host of former Shell USA managers who were let go by Shell in the early 1990’s as part of Shell USA’s reorganization and downsizing program (Shell USA had finally managed to manage the company into a serious financial problem with a host of bad decisions).

So, it comes as no surprise to anyone familiar with the two organizations that RD Shell had it own financial scandal a few years later. The reserves scandal at Shell was a long time in coming but the ‘problem’ was known about internally for many, many years. Shell USA knew it had a credibility issue with its reserve bookings in the mid-1980’s. read more

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