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Pastimes : The California Energy Crisis - Information & Forum
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To: Raymond Duray who wrote (796)8/2/2001 5:21:54 PM
From: Daniel G. DeBusschere  Read Replies (2) of 1715
 
<<Your response seems extraordinarily disproportionate to the facts.>>
WOW! you blew me away with that one. Perhaps, I really overdid it (stroke chin, stroke chin, etc.)
If you really want to be a king in our capitalistic society then be a Chief Executive Officer (CEO)!! He who has the votes has most of the marbles. But you have to keep the nasty stockholders happy or they will vote you out.
Regarding PG&E, I saw the CEO (Robert D. Glynn Jr) last night on Lou Dobbs program with an ear to ear grin on this face. It seems as if PG&E was able to earn three quarters of a billion dollars last quarter even though their principle subsid is in bankruptcy. Lou in his infinite wisdom looked at the CEO and asked "If you are in bankruptcy where are you getting all this money?" and the CEO said "the stupid governor is paying for all the energy and he (PG&E) no longer has any liability" and "our other subsids are doing very well generating electricity for other states and countries thank you".
A lot of analysts are rating PCG a "raging buy" at current levels and its already recovered over 100% from bankruptcy announcement date. Who says CEO's do not look out for their shareholders?
Best wishes
Dan
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