Thursday, June 05, 2003

Man bites dog

Aquila CEO Apologizes to Shareholders

KANSAS CITY, Mo. (AP) - Aquila Inc.'s chief executive apologized to shareholders at the energy company's annual meeting Wednesday for the firm's financial troubles.

[CEO Richard] Green said Wednesday he had heard "painful" and "downright gutwrenching" stories from Aquila's shareholders in the last few months, and if he were one of them, he would want an apology.

"So to each and every one of you, I apologize," he said.

How often does this happen? A tip of the lambert hat to CEO Green, even if this is a shameless attempt to boost his share price by inducing bloggers to place it in their bulging portfolios. Now, if others could be induced to follow his example...

CEO Cheney, step right up. Now, about that asbestos... CEO Bush? About Harken, the timeline, and those mysterious backers.... VP Thomas White? About those pensions ....

FWIW, ie nothing, I don't think the market will truly boom again until people are convinced the fraud and the fraudsters have been run out of it and the books aren't being cooked. Show trials of small fry like Martha Stewart won't do that -- how stupid do they think we are?