With regard to your most obvious rivals, Simon Henry seems to be a very intelligent, competent executive, but comes with the baggage of his starring role in the reserves scandal. I published our verdict. Based on my strange experience of communicating with Marvin Odum via RDS Plc Company Secretary Michiel Brandjes, I reached the conclusion [...]
Posts under ‘Sir Philip Watts’
Briton tipped to run Shell for first time in a decade as Voser steps down into retirement
Chief financial officer Simon Henry was made the front-runner by bookmaker Paddy Power, despite saying it would be ‘inappropriate’ to discuss his candidacy. The Anglo-Dutch firm has not had a British boss since Sir Philip Watts left in disgrace in 2004 after Shell overstated its oil reserves. By Rob Davies: PUBLISHED: 22:14, 2 May 2013 [...]
Shell Lent Former Directors $12M For Reserves Fraud Legal Costs In 2004
By John Donovan: As can be verified from page 81 of the Shell Form 20F 2004 filing with the US Securities & Exchange Commission and a related Wall Street Journal article, Shell lent the fraudsters responsible for the reserves scandal $12 million to cover litigation costs. Almost a decade later, I have not seen any [...]
Shell buys Brinded’s silence in golden good riddance
In addition to the £2.9m for his Netherlands home, “Brinded, 60 tomorrow, pocketed £2.7 in salary and severance for the four months he worked last year. He also walked away with £9.7m in shares and a £19m pension pot.” So, with wonderful timing, Brinded received a package worth £34.3 million as a spectacular birthday present. [...]
Verdict on Royal Dutch Shell CFO Simon Henry
Shell internal email correspondence irrefutably proves that Simon Henry was aware in March 2002 that “reserves bookings were made that should not have been made”. Walter van de Vijver, the “sick and tired” Chief Executive of Shell EP, gave the information directly to him. As can be seen in the email, Walter van de Vijver aggressively [...]
Shell reserves fraudster Rev Sir Philip Watts
By John Donovan An article published today by the Maidenhead Advertiser says the Rev Sir Philip Watts is taking up a new position as Priest in Charge of the Benefice of Waltham St Lawrence. He is still protesting his innocence in relation to the Shell reserves fraud and cover-up that resulted in him being forced [...]
A word in your Shell-like
FROM OUR FEBRUARY 2005 SHELL NEWS ARCHIVE: “…we learned last year that the company leadership had been systematically lying to itself, its shareholders and wider stakeholders about the size of its oil reserves.”: “for years Shell lied about its sustainability as a business while preaching principles that it was betraying.”: “Shell had knowingly overstated its [...]
Desperation led to Shell’s plotting to exploit 9/11 attacks
BUILD UP TO SHELL RESERVES SCANDAL: Comments by leading Shell execs: “…the market will want to know whose head is going to roll for what they will see as blatant deception.”; “this is potential dynamite for management credibility and the share price”; “…how you have to break the detail of this news in September, assuming [...]
9/11 Terror Attack and the Shell Reserves Scandal
By John Donovan On Friday we published an article revealing Shell internal email correspondence, which provided proof that three weeks after the 9/11 terrorist attack on the USA, Shell executives were considering how Shell could exploit the horrific event for commercial reasons. As can be seen from the correspondence, the objective was to “buy us [...]
Shell big investors in a revolutionary mood
Shell News, this day, 9 years ago: Shell investors were still in a state of shock over the dramatic disclosure that Shell had vastly overstated its proven oil and gas reserves. The main villain, the fraudster, Sir Philip Watts, was still Royal Dutch Shell Group Chairman. Lord Oxburgh was still backing him. Daily Mail: Rebels [...]
Simon Henry and the reserves time bomb
Were they aware that Simon Henry was a key player, as Head of Global Investor Relations, in dealing with the reserves data and actually had responsibility to ensure the quality/accuracy of the data before it was disclosed to analysts and investors? As we all know, it turned out that some of the data was not [...]
Short list of praiseworthy senior Royal Dutch Shell executives
Now we have his equally scandal tainted successor, Peter Voser, Chairman of the UBS Audit Committee at the time when UBS was engaged in all kinds of criminal activity. Posting on Shell Blog by LondonLad on Jan 17th, 2013 at 19:56 In all honesty can the Donovan’s kindly list some of the past and present [...]
Candid testimony of Simon Henry about disgraced Shell EP Boss Walter van de Vijver
As can be seen in his testimony, Simon Henry deliberately limited the amount of time that Walter van de Vijver spent with UK and US investors, almost as if there was something to hide? Wonder what current Shell investors will make of that revelation? An insight into how Mr Henry thinks shareholders can be manipulated [...]
Candid testimony of Shell’s Simon Henry about Sir Philip Watts
Q: Do you like Mr. Watts personally? A: It was difficult to like Phil. He was not a guy you go for a beer with. …he was still running with that chip on his shoulder… He was a guy from the wrong side of the tracks. Candid (some might say indiscreet) testimony of Simon Henry [...]
Devastatingly bad news day for Shell 9 years ago: 10 Jan 2004
9th anniversary of a devastatingly bad news day for Shell and its shareholders exactly 9 years ago: 10 Jan 2004. How Shell blew a hole in a 100-year reputation. News of reserves fraud wipes 7.5% off shares, £8bn from value of oil giant. The Times: How Shell blew a hole in a 100-year reputation The [...]
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