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In Brief / ENERGY

Calpine to pay Chapter 11 bonuses

November 20, 2007|From Times Wire Services

Calpine Corp. plans to pay Chief Executive Robert May a $10.9-million stock bonus when it emerges from Chapter 11 Bankruptcy Court protection.

The San Jose-based company also plans to pay about $66.6 million in emergence bonuses to about 2,200 eligible participants, including all full-time workers, the company said.

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