Selim K. Zilkha, El Paso Corp.’s largest stockholder who is spearheading an effort to unseat the company’s current board of directors, said this week he was troubled about the “severance costs” that shareholders could be burdened with if they succeed in replacing El Paso’s board, particularly the compensation to be paid to Chairman William Wise when he steps down later this year.
Unseat
Articles from Unseat
Major Shareholder to Mount Proxy Fight for El Paso
The largest individual shareholder of El Paso Corp. gave notice Tuesday that he will seek to unseat the financially troubled company’s board of directors at the upcoming shareholder meeting.
February 19, 2003
Listen to the latest episode of our newest podcast NGI's Hub and Flow via:
