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Royal Dutch Shell News Friday 23 April, 2004

Royal Dutch Shell News Friday 23 April, 2004

Sacked Shell boss ‘escorted from HQ’

The Times: Shell: A very British kind of scandal: why Shell is no Enron

The Times: Waffle about values won’t tame the bully boss

The Times: SEC in U-turn on oil reserves reporting

Financial Times: An independent chairman at Shell Group a must (Letters Column)

Financial Times: KPMG and PwC braced for grilling over Shell audit

REPORT OF DAVIS POLK & WARDWELL TO THE SHELL GROUP – AUDIT COMMITTEE EXECUTIVE SUMMARY

The Economist: Humiliation: A once proud firm, brought down by its own flaws, needs a thorough shake-up

The Economist: Royal Dutch/Shell: Sick and tired about lying: “I AM becoming sick and tired about lying.” Those are not words shareholders want to hear from a senior executive. They are certainly not words anybody ever expected from an heir-apparent at Royal Dutch/Shell, one of the world’s largest—and until recently, one of its most admired—oil companies.”: “The report into how the phoney numbers emerged paints a picture of deception and backbiting at the top—and, despite ongoing board efforts to exonerate the new management, contains plenty to encourage shareholder lawsuits and, maybe, criminal prosecutions, not least in America, where jail may await. More senior Shell people may yet have to quit.” (ShellNews.net)

Janes.com: World oil crisis looms

Bloomberg.com: U.K. Financial Regulator Starts Probe of Shell Amid Reserve Cut

London Evening Standard: Fuel for thought over Shell

HoustonChronicle.com: British regulator announces probe of Shell parent

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