By John Donovan Information herein is sourced from Wikipedia articles relating to: (1) Hakluyt – the British private intelligence agency, “…staffed almost entirely by ex-intelligence [services] staff”, according to a 2006 report in The Times[1] (2) Shell, the oil giant notorious for a massive securities fraud when it swindled its shareholders. The company is closely [...]
Posts Tagged ‘Enron’
Enron was populated by a host of former Shell USA managers
POSTING BY AN OUTSPOKEN FORMER EMPLOYEE OF SHELL OIL USA Saw your article on Enron and Shell. FYI Enron was populated by a host of former Shell USA managers who were let go by Shell in the early 1990′s as part of Shell USA’s reorganization and downsizing program (Shell USA had finally managed to manage [...]
Shell is very different from Enron
Shell is very different from Enron. We were criticized for that some time ago and Im glad we have a absolutely rock-solid way we do business. And, if you read our annual report, you read our footnotes and all the details, everything is in there. Its all completely transparent, as far as Shell is concerned. [...]
Asians fail to join class action claims
According to Goal, almost $12bn in settlements, to which shareholders were entitled, was not reclaimed through class actions from 2000 to 2007. The list includes settlements against Enron, Worldcom, Parmalat and Royal Dutch Shell.
Time is ripe for greater public control of the oil industry in Europe
But, as we have seen, the pursuit of personal reward by top executives, driven by a pursuit of profit above everything else, can lead to disaster as it has in the banking sector and as it did for Enron and very nearly for Shell as well at the time of its reserves crisis a few years ago.
When Corporations Spy
The Sunday Times reported in 2001 that Hakluyt hired Manfred Schlickenrieder, a German foreign intelligence operative tasked by the firm to spy on Greenpeace at the behest of oil giants BP and Shell.
European frauds such as Vivendi, Royal Dutch Shell and Parmalat demonstrated that corporate scandals were not confined to the US.
Post-Enron, post-Shell, post-WorldCom, post-Parmalat, the collective knickers of the business world are in a twist about ethics, and rightly so.
Diluting SEC security rules a last-ditch push by appointees of President Bush
The regulatory changes are on the agenda of Christopher Cox, chairman of the Securities and Exchange Commission. But critics say the changes appear to be a last-ditch push by appointees of President Bush to dilute securities rules passed after the collapse of Enron and other large companies measures that were meant to forestall accounting gimmicks and corrupt practices that led to those corporate failures.
Senate Takes Step On Energy Oversight
Federal regulators would have greater oversight of energy markets as part of the massive farm bill passed by the Senate Thursday. Traders cited the move to close the so-called Enron Loophole — one of several measures Congress is considering to damp speculative trading in oil — as a factor behind turbulent trading in the oil markets Thursday.


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