Constellation offer: pot of gold or e...

Constellation offer: pot of gold or elusive rainbow?

There are 9 comments on the Baltimore Sun story from Dec 4, 2008, titled Constellation offer: pot of gold or elusive rainbow?. In it, Baltimore Sun reports that:

To shareholders, it promised a higher stock price. To Constellation boss Mayo Shattuck, it held out the prospect of continued employment and undoing a great failure.

Join the discussion below, or Read more at Baltimore Sun.


Baltimore, MD

#1 Dec 4, 2008
Why does EDF (French taxpayers) want to buy UK and USA power sectors?
Why did Napoleon march to Moscow?
What was the financial rationale?
But it is fun as long as it lasts!

Baltimore, MD

#2 Dec 4, 2008
I don't understand why Mayo Shattuck remains as CEO. If I screwed up things this badly on my job I'd be long gone.

PS: Apparently Molly Shattuck is one of Fox's Millionaires - reportedly giving away money in a poor Shenandoah Valley town as part of their new reality series. Money she made by marrying well and money made by her husband who just laid off 800 workers. Maybe they ought to return their gains made on the backs of the stockholders and employees of Constellation/BGE. I remember when utilities were called "widows and orphans" stocks - low dividends but safe. Now they are "widows and orphan" stocks because the bad decisions made by Mayo Shattuck and company will cost lost lives through health insurance losses, stress of unemployment, etc. Meanwhile, the Shattucks and other CEOs will continue their living the high life and paying no real price for their mismanagement and greed. J

Baltimore, MD

#3 Dec 4, 2008
The Shattuck's aside (for now at least) this CEG shareholder is voting for Buffet.

Bel Air, MD

#4 Dec 4, 2008
As a shareholder and CEG customer I'm voting no to the Buffett offer. Why? I strongly object to Mayo's multi Million $$$ buy out departure package. If the few Ceg officers who will walk away with millions from Buffett's package were to reject it or decline it I would reconsider. For now as a shareholder ultimately I would have more to gain with the EDF. If Buffett wants to up the ante give more money per share or give a bit of Buffet stock with the cash I would take that deal. But, curently as the Buffett deal stands it benefits only a few, Buffett and a choice select officers of CEG. Show me the money!

Since: Mar 08


#5 Dec 4, 2008
I'm voting again it perhaps we should go in person and ask for Mayo's head.

Baltimore, MD

#6 Dec 5, 2008
I'll be present at the shareholder's meeting and voting AGAINST Buffett/Mayo/O'Malley!

Baltimore, MD

#7 Dec 5, 2008
I'll be the one holding the "Shattuck Sucks! sign.
Stephen M Cooper

Cockeysville, MD

#8 Dec 5, 2008
Thanks for the update.

You always give a thoughtful response to complicated matters

Tucson, AZ

#9 Dec 8, 2008
Take emotion out of it. Emotional decisions are never the best when it comes to financial affairs.

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