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Shell News Archive Sunday 14 November 2004

From our Shell News Archive Sunday 14 November 2004

THE WALL STREET JOURNAL: Loony Training Fads Are New Form of Snake Oil: “Your page-one article “Changing Drill: How Shell ‘s Move to Revamp Culture Ended in Scandal” (Nov. 2) is indicative of the loony and devastating training fads and cultural initiatives I’ve seen in Fortune 500 companies over the past quarter-century…” (ShellNews.net) Posted 14 Nov 04

THE RELATED ARTICLE:THE WALL STREET JOURNAL: How Shell’s Move To Revamp Culture Ended in Scandal: “The root of the problem, however, goes significantly further back than Sir Philip’s reign, which began in 2001”: “These deeper roots are significant because the company has yet to make a full break with its past. Mr. van der Veer is a longtime Shell executive who sat on the committee that received — and dallied over — warnings about the accounting problems.”: ” In addition to its ambitious plans to discover new oil and gas cheaply, Shell under Sir Mark was redefining how it counted existing reserves.”: “Sir Mark Moody-Stuart, chairman from 1998 to 2001, remains on the board of Shell’s English parent… He declined to comment about reserves issues. And Shell still can’t seem to get a handle on its reserves.” (ShellNews.net) 2 Nov 04

THE BUSINESS (EU): The Iceman Cometh: The Polar icecap is in retreat and the Artic Circle is ready to give up its hidden energy treasures: Frozen assets: the retreat of the Arctic polar cap is revealing the rest of the world’s oil and gas reserves, which big companies are keen to exploit as price increase make exploration in the harsh climate more cost effective (ShellNews.net) 14 Nov 04

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