ft.com/energysource
May 26, 2009 5:06pm
Today weve heard a couple of rumours that the departure of Shells gas and power chief, Linda Cook, came ahead of some major changes to the companys structure.
One of those sources, both of them at Shell, said that the exploration and production unit was likely to merge with the gas and power unit.
Dow Jones also has word from a person familiar with Shells thinking that:
Voser put this restructuring plan to the Shell board, with the aim of making significant costs cuts, some months ago when he was competing to replace current Chief Executive Jeroen van der Veer, who retires at the end of June.
This has been bubbling away for quite some time, and Vosers rise to the position of Chief Executive has brought it to a head, the person said.
Cooks resignation is seen as connected to her missing out on the chief executive job, for which she was a contender, but this restructuring is said to have also been a factor in her decision.
Shell-watching blog royaldutchplc.com says it has assembled from multiple sources inside Shell that not only will E&P and G&P merge, but that 30 per cent of senior managers/executives will also go. The company is apparently meeting in Berlin over the next two days and this will all be delivered by Peter Voser, the incoming chief executive, on Thursday.
Cook will forego a bonus of more than £800,000.
Shell would not comment.
Related stories:
Cook foregoes bonus after quitting Shell (FT, 26/05/09)
Shell executives take flak over bonuses (FT, 19/05/09)
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.
