SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : CPN: Calpine Corporation
FRO 24.09+1.8%3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Daniel G. DeBusschere who wrote (36)3/8/2001 1:16:23 PM
From: Daniel G. DeBusschere   of 555
 
Response from CPN Investor Relations-
I received the following from IR. It's not the usual boilerplate and I thought it would be worthwhile posting since I am raising this issue. My response is (1) wait to see what the April 2001 Proxy says and (2) I have no doubt about the CEO's loyalty and commitment up to a point. The point is that his actions however motivated detract from the overall collective benefit we all want to achieve. I am appreciative of the prompt response from IR - there is some class to this outfit.

<<Calpine's President and CEO is not disposing of all his Calpine shares. Most of his transactions are related to stock options which have expiration dates tied to them, which means if he wants to exercise the options he needs to do so within a specific time frame (as with all managers/employees who hold stock options). Mr. Cartwright is exercising his stock options in a prudent manner.

As of Calpine's 2000 Proxy Statement, Mr. Cartwright beneficially owned over 2 million Calpine shares. When our 2001 Proxy Statement is filed (early April) you will be able to see what his current share holding is.

I can assure Mr. Cartwright is extremely loyal and committed to Calpine!>>

eom
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News