Calpine Corp. announced the death of William J. Patterson, 48, chairman of its board of directors since January 2008. A private investor and philanthropist in the San Francisco Bay Area, Patterson was a managing director of SPO Partners & Co., an approximate 21% owner of Calpine since it emerged from Chapter 11 bankruptcy in early 2008. Prior to that Patterson chaired the creditors committee that steered Calpine through the bankruptcy process. Ultimately he helped rebuild the board and management team. Calpine said “in due course” its board will meet and appoint a new chairman. Patterson died Sept. 24.
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Courtroom Observers Surprised by Lay’s Turn in Witness Chair
As courtroom pundits saw it, Enron Corp. founder Kenneth Lay’s turn on the witness stand would be a no brainer. Well-known Houston philanthropist and Bush crony, many of Lay’s close associates and friends have called him a disarming, affable and somewhat avuncular sort of fellow, likely to remember small details about his employees’ personal lives and not prone to micromanaging the business. He was expected to be the calm and steady “nice” guy, unlike co-defendant and ex-Enron CEO Jeffrey Skilling, whose brash personality has often preceded him.
May 1, 2006
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