Constellation Shareholders Against Proposed Pay

BALTIMORE (AP) — Shareholders of Constellation Energy Group have voted against proposed pay package for the chief executive and other top officials.

Friday’s vote at the annual shareholders’ meeting was advisory; Constellation’s board is not required to act on the result.

The company announced that it will acquire Houston-based StarTex for $142.5 million and MXEnergy of Connecticut for $175 million.

Constellation says the acquisitions are important to being competitive in the residential market.

(Copyright 2011 by The Associated Press. All Rights Reserved.)

Comments

One Comment

  1. Wheres common sense when you need it says:

    The rich keep getting richer and the unjustified rising price of energy pays for it.

  2. Happyharry says:

    What a croc of s….t. Mayo Shattuck is a pig & his wife is a skank c…..t!

  3. bill says:

    Why would a company that has become aquired themselves be allowed to purchase other companies at this time in their own ending? I do not understand the reasoning about this other than greed and failure to produce for the stockholders. The nickname for Shattuck when he came to Baltimore a few years ago was the Hatchet Man! He was known for cutting and selling major companies!

    Always leave the families out of these issues Happyharry its business.

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