Mmarrkk

Constellation Energy's Stars Align for Buffett

Well done Mr Buffett. To the employees of CEG, you are really very lucky to have been rescued by this White Knight, although it may not seem that way right now. But this beats the heck out of receivership! To the stockholders of CEG, my condolescences. You took a pretty good whipping! But hopefully some folks will learn some valuable lessons: 1) research the companies you own and check their balance sheets for leverage. Leverage can be enticing, exciting but also excruciating! 2) I'm sure the guys running CEG will probably get some multi-million dollar bonus or buy out. When will we as shareholders ever learn? These guys should get nothing but a swift kick but instead they get millions. Just like the boards of Fannie/Freddie who last year got huge bonuses.

I hate, no, I detest government regulation but maybe we should have something that forces the compensation committees of these Boards of Directors to be truly independent and shareholder focused. I don't want gov't telling us how much we can pay CEO's, but I'd like the BofD's to self-regulate. But to do that we must end the croneyism. Maybe the middle ground is that the compensation committee make-up can be regulated...and include everyday shareholders and/or employees! No union boss thugs, but plain, everyday employees from the bottom-third of the payroll.