Shell CFO steps down over scandal - Democratic Underground

TacticalPeek

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Tue Apr-20-04 12:07 AM
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Shell CFO steps down over scandal

Shell CFO steps down over scandal
By Alex Lawler
London
April 20, 2004

Royal Dutch/Shell Group, Europe's second-largest oil company, said that chief financial officer Judith Boynton would leave her post, the third senior executive to suffer after the company for years overstated its reserves.

Ms Boynton, 49, who came from Polaroid Corp and who ranked among the world oil industry's most senior women, will stay with the company.

Her departure comes after Shell's audit committee, comprising non-executive directors and outside lawyers, investigated why proved oil and gas reserves had been overstated by 20 per cent. Reserves are among an oil company's key assets.

more
http://www.theage.com.au/articles/2004/04/19/1082357108308.html?from=storyrhs

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fearnobush

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Tue Apr-20-04 01:11 AM
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1. A vote for Bush is a vote for the Saudis.

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