reader

Constellation Energy Group: Reasons Behind the Sell-Off

I think the board of CEG saw the handwriting on the wall and knew that the Buffet deal was going to be derailed by shareholders. I know that the divi will be greatly reduced so that the company can reduce debt, and I am alright with that since I am looking long term. Mayo and the board are a different question however. In the near future, after the deal is completed I would hope that shareholders will look to have this, group sooner if not later, replaced. I would also hope that when that occurs Mayo's golden parachute has a number of holes in it.

I am not, nor have I ever been a fan of these golden parachutes. As a stockholder in companies I am never asked how I feel about them when the are given away by the buddy, buddy boards.