Shell has owned up to a range of operational shortcomings, admitting it has been slow to take up new opportunities, has been too caught up with long-term goals and has let project management slip.
The latest round of self-criticism came from chairperson Jeroen van der Veer at a meeting with shareholders and was revealed by one of its brokers, Deutsche Bank, on Monday.
The Anglo-Dutch energy group is trying to win friends in the investor community ahead of a potentially stormy annual meeting scheduled for June 28.
Shell, whose shares have been hurt since it downgraded its proven reserves earlier this year, had promised to come up with a new corporate strategy by 2005 but Deutsche believes it will probably be forced to make a full presentation by the end of September.
http://www.mg.co.za/Content/l3.asp?ao=117305Everyone feels really sorry for all you Shell executives and stock holders!
Printer-friendly format
Email this thread to a friend
Bookmark this thread
(1000+ posts)
Send PM |
Profile |
Ignore
