April 5, 2006 |
Electricity wholesaler Calpine Corp. said Tuesday that it would jettison about 20 power plants and lay off 775 workers, continuing to retreat from a rapid expansion that buried the company in debt and drove it into bankruptcy proceedings. The San Jose-based company didn't identify which of its 92 plants -- scattered across 21 states and Canada -- it hoped to sell before the end of the year. Several plants under construction might be included in the purge.
August 10, 2005 |
Charter Communications Inc. has turned to an executive from rival cable TV operator Time Warner Inc. for its new chief executive. The St. Louis company named Neil Smit as CEO, replacing interim chief Robert May.
November 20, 2007 |
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.
June 3, 1990
Rapper Ice Cube condemns racism because it affects him personally, but he practices a prejudice just as harmful--sexism (Robert Hilburn's May 27 article). I've no respect for someone who's sensitive only for himself. ANN KELLEY North Hollywood
May 25, 1997
Reading your Michael Ovitz/Michael Eisner/Disney story (" 'I Don't Think I Failed,' " by Robert Slater, May 18) was like watching a bad movie and realizing you don't give a damn what happens to these characters. RONNIE SALMONS Pacific Palisades
CALIFORNIA | LOCAL
August 25, 1994 |
One man was killed and a second wounded early Wednesday when sidewalk drinking among a group of acquaintances escalated into an argument and gunfire, police said. Just before 4 a.m., Richard Velasquez, 21, was shot several times in the upper torso while standing in front of a home in the 1200 block of South Kathy Lane, Sgt. Dick Faust said. He was pronounced dead at the scene. Police said Jose Luis Gomez, 18, was grazed in the head with a shot.
April 27, 2006 |
A U.S. Bankruptcy Court judge has approved Calpine Corp.'s plan to pay as much as $44 million in bonuses to encourage employees to stay as the San Jose-based power plant owner restructures. Judge Burton Lifland in New York also approved Calpine's employment contracts with Chief Executive Robert May and Chief Financial Officer Scott Davido. May could receive as much as $20.8 million in salary and bonuses over two years, provided that he brings Calpine out of bankruptcy protection.