FROM OUR AUGUST 2004 SHELL NEWS ARCHIVE
The Daily Telegraph: The landslide bringing down Shell grandees
The SEC and FSA reports, however, go back to the previous regime, when Sir Mark Moody-Stuart was chairman.”: Even Shell fell for the “group bonding” mumbo-jumbo, and he was videoed stumbling blindfold around head office during one such session, talking of his desire to “encourage the creativity of people” around him. He seems to have succeeded.”
(Filed: 28/08/2004)
The Securities & Exchange Commission has announced its intention to pin the reserves scandal on individuals, writes James Moore
The Shell Show, a tragicomedy in an unlimited number of parts, featured a powerful double act this week.
On Tuesday America’s Securities and Exchange Commission and the Financial Services Authority both gave the company a good kicking for wrongly booking billions of barrels of oil and gas reserves as “proven”.
Now Harold Degenhardt, the director of the Securities & Exchange Commission’s office in Fort Worth, Texas, is hard at work on the sequel. “What people need to focus on is that companies only act through people,” he says. read more
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