Daily Mail: Shell aims to quell rebellion
Brett Arends,
14 June 2004
SHELL is racing to head off a potential shareholder revolt at its annual general meeting. Top brass are meeting investors and City pressure groups in a bid to prevent a storm at the meeting in just a fortnight.
‘We’re in discussions with shareholders and we are taking their concerns seriously,’ the company confirmed.
The National Association of Pension Funds, whose members own 20% of the stock market, is preparing to publish its report into the scandal-hit oil giant this week.
In an ominous sign, senior NAPF figures have visited Shell to express their worries. ‘We engage with companies if we have issues relating to the agm,’ said the NAPF. It declined to comment further.
The Association of British Insurers is preparing to publish a critical report.
Shell reeled this year after admitting that it had overstated its proven reserves by 25%. Three top directors were ousted in the aftermath. New boss Jeroen van der Veer was also touched by the affair.
Shell has set up a team to review its practices and organisation, whose byzantine nature was highlighted by the affair.
It promises an ‘update’ at the annual general meeting and firm proposals ‘by early next year at the latest’.
Many investors are worried that the company is not moving swiftly enough. US fund management giant Calpers last week slammed it for weak performance and poor corporate governance – including an ‘apparent inadequacy of controls’.
Struggling supermarkets group Sainsbury is also facing a rough ride. It plans to give shares already worth £2.4m to chief-executive-turned-chairman Sir Peter Davis. Many shareholders are unhappy that Davis was promoted at all after a mixed four years as chief executive.
Meanwhile, BP hit back at investment bank Goldman Sachs, which last week suggested that the oil group might be about to downgrade its own reserves in a US filing later this month. ‘We are confident of the numbers in our annual report and we believe they meet the SEC regulations in all material respects,’ it said.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
