Biz Watch


What did Van der Veer know?

A Management Shell Game
What if they gave a business scandal and no one came? Royal Dutch/Shell plunged deeper into crisis last week as new details emerged about how the Anglo-Dutch oil giant overstated its reserves. But for the moment investors don't seem to care. Shell's stock barely budged after a report in the New York Times alleged that the newly appointed chairman, Jeroen van der Veer, was one of several executives who may have known about the reserves shortage two years before the company cut its official estimate by 20% in January.


Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!