Energy company sucks up to Obama and loses its stockholders $6 million. Somebody should go to prison over this.
Stockholders will quiz the CEO and board. I’m guessing that at least two board members will have to resign, and the CEO has three-to-six months of time before he must resign. The state will not be willing to readily accept any price increases over the next six months....because of public sentiment of the mess.
But settle back for an interesting problem in 2016. No city is going to jump up and volunteer for either party....without firm cash on the table. So expect the parties to ask for significant cash contributions over the next four years, and only a dozen cities willing to take on the convention business. And don’t expect any city in California to sign up.
They aint losing nothing. What we don’t see is the tax credits, the rebates, the kickbacks if you please that will funnel back to them.
Chicago thug politics is alive and well here.