Calpine Replaces Top Executives

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Goodbye Peter Cartwright, you will be missed. The CEO of Calpine, driven out by the board on Tuesday from the company he founded and headed since 1984. Mr. Cartwright had a dream and a vision. He believed that building efficient power plants that were also environmentally friendly would be a successful business model. His mistake was putting all of his eggs into the natural gas market.

The one thing I will always remember about Mr. Cartwright is that he always put his employees first. He wanted his employees to share in his dream and the rewards of his success. He gave all employees options and good benefits. Even when the company struggled he continued to give raises and award bonuses. In the end this may not have been the best plan for the company but who can fault him trying to treat his employees with dignity and respect. Thanks for the good run Pete. We may loose our jobs but you lost your dream.