Daily Telegraph: Dutch are ready if push comes to squeeze
4 June 2005
Fancy a Dutch squeeze-out? Such things are common in Holland, and not only on stag weekends in Amsterdam’s Red Light district.
Minority shareholders in Royal Dutch Petroleum who fail to accept the plan to scrap Shell’s arcane dual structure may be about to feel the squeeze. Royal Dutch needs holders of 95pc of its shares to agree to complete the merger with Shell Transport & Trading, which is a tall order for such a widely held stock.
Curiously, the company is unworried. If it falls short, it can mount its Dutch squeeze-out, and force the minority to take cash for their holdings. It can threaten to suspend dividend payments to the recalcitrant few.
It might not come to this – Dutch law gives the company the right to lower the acceptance level if it’s only slightly short, and the minority should not be allowed to hold the enterprise to ransom. Besides, it would be a poor reward for Shell’s root-and-branch approach to reform, when the company’s history might have suggested another fudge was in order.
With any luck, Jeroen van “The Man” der Veer will have turned Shell’s famously opaque and introverted politburo into a conventional corporate structure before the end of the summer. It won’t be the end of Shell’s problems after it lost a quarter of its proven oil and gas reserves last year. But it will be the end of the beginning, and if it needs a Dutch squeeze-out, that’s just part of the fun.
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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.

























































