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.)

  • Wheres common sense when you need it

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

  • Constellation Shareholders Against Proposed Pay | News Local Feeds
  • Happyharry

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

  • bill

    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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