Word: shellful
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...about 700 meters to go, dampening their own pace slightly and surrendering a seat to the crews in pursuit, but Harvard quickly slammed that window of opportunity shut. Retaking the seat, the Crimson pulled away for a 4.809 second victory, separated by about half a length from the nearest shell...
...board at Shell knew it needed to do something, and fast. A shocking revelation in January--that the world's third largest oil company had overstated its proven petroleum reserves by 20%--was pummeling its stock price and angering shareholders. Regulators on two continents had started investigations. So in early March the board acted, ousting Philip Watts, who had been managing director of the Anglo-Dutch company for almost seven years and chairman since 2001, and replacing him with Jeroen van der Veer, president of Shell's Dutch sister company, Royal Dutch Petroleum. A quick cure for all those headaches...
Hardly. Just six days after Van der Veer took the helm, internal memos leaked to the press suggested that other top Shell executives still in office, including Van der Veer, may have known about the reserves problem as early as two years ago. Van der Veer vigorously denied the charges but failed to calm the jangled nerves of Shell's institutional investors. And so the company was forced to ask itself an unpleasant question: How many times can you fire your CEO in a year...
After an inquiry by an outside law firm, the Shell board gave what it hopes is the definitive answer: Just once. It said the probe had uncovered "disturbing deficiencies" in company practices, and announced the replacement of chief financial officer Judith Boynton. And for the third time this year, the company reduced the figure for its oil reserves. Van der Veer was spared. "We have complete and unreserved confidence in [his] leadership," the board said, although the internal inquiry handed further ammunition to a swarm of U.S. lawyers who have filed class actions against the firm. Shell said the company...
...varsity four ‘A’ and ‘B’ boats both scored third-place finishes in their respective Grand Final races. Besting rivals Yale (7:39.57) and Princeton (7:51.79), the ‘A’ shell crossed the course in 7:33.50, falling to Cornell (7:23.73) and Brown...