With the insults and charges between El Paso Corp.’s board of directors and a tenacious group of dissidents still echoing down the hall, the company said last week that it now will return its focus toward hiring a new CEO and improving the bottom line. However, shareholder Oscar S. Wyatt Jr., who appeared to speak for many of the board’s opponents after apparently losing a close proxy battle last Tuesday, said he plans to keep up his criticism of the energy giant until there is a solid turnaround.
Tenacious
Articles from Tenacious
Cold Weather Firms Northeast in Generally Flat Market
With winter displaying a surprisingly tenacious grip on Canadian and northern U.S. weather into the weekend, the market proved to be firmer Friday than many had expected. Once again flatness was the dominant price theme as most points were about a nickel or less up or down from unchanged.
April 7, 2003
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