Daily Telegraph: Boards beware: the road to Shell was paved with ‘good’ intentions
“This being Shell, everything was systematic, and was approved at the highest level, and had been going on for years.”: “On top of all this comes the loss to Shell’s reputation – its ultimate hidden reserve.”: “It will have to be rebuilt and earned, and that takes time, if it can be done at all.”
By Chrsitopher Fildes (Filed: 31/08/2004)
Goodwill is hard to measure. Auditors prefer to write if off. Cynics define it as the difference between what you pay for something and what it proves to be worth. It can amount to a hidden reserve, until it turns out to have been overstated. Textbook example: Shell.
Everybody knew Shell, or thought they did. It was too big to miss, after all – durable, self-perpetuating and professional.
Its worst critics called it boring. That changed on the day when Shell owned up to overstating its reserves of oil, and the chairman was told to clear his desk. read more
Like this:
Like Loading...
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.