The large-scale recruitment drive, which was leaked in an internal newsletter, comes in the wake of a forgettable 2004 for the oil group and as investors wait to discover the outcome of Shell’s reserves update announcement on February 3.
The move has been widely seen by many industry insiders and analysts as a ‘catch up’ solution designed to help Shell keep up with its main rivals Exxon-Mobil and BP who have stronger records on reserve replacement and production growth.
Shell’s misstatement of reserves is estimated to have cost the company close to £100m in fines imposed by UK and US regulators, and led to the dismissal of three senior executives including former finance director Judy Boynton who was replaced by group managing director and director of finance Peter Voser.
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The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements