I worked for a wonderful company until Constellation bought the plant where I worked 19 years. The management at Constellation-from the top to middle to lower- were the most arrogant, "we know everything" people with whom I have ever been associated. I think their upper management should feel some pain from their mismanagement that led to this fiasco. And why was this Co. such a darling of the analysts for the past several years? Of course, Mayo Shattuck will just move on - probably to a higher paying CEO position somewhere else. I really believe that America's corporate greed will be the downfall of this country. Capitalism cannot survive if large corporations are left unfettered to do as they please. People need to go to jail- for a long time- when lies and mismanagement make the senior co. officials super wealthy, while bankrupting workers and stockholders.

This is probably a good move for CEG, and I doubt that any company under Warren Buffet would acquire a company unless it were a good buy - sound and undervalued by the market. I don't pretend to be smart enough to know what it will mean for workers at Constellation - but I'm kicking myself for not being in a better position to get cash together, so I can buy more of their stock.

My man Brian is right on. We are slaves to the stockholder which is slowly killing American business because the people in charge (a la Mayo Shattuk) have no idea how to run the actual business. My brother-in-law owns a large succesful boat company and he gets estatic when these private investment groups buy up other boat companies because he knows in a very short time they will run their product into the ground...Oh yeah and Mr. Carpe please do a little research to see how inexpensive, I mean, expensive, Mr. Buffet has made the electricity cost for Iowans. Mr.Buffet will use the panic and fear of local politicians and consumers to steal more money from taxpayers than even the inept goverment of Annapolis could ever imagine, at least in theory you can vote them out. Mr. Buffet's only friends are his stockholders, not his customers. They man is a wolf in sheep's clothing.

Steven, you sound like a typical anti corporation guy....while I agree with a few of your comments you're dead wrong about Buffet making electricity more expensive for Iowans. MidAmerican's last rate increase was in 1996! Much of the blame isn't on the companies - rather, it should be on states such as Maryland who deregulated their electric industry which led to this latest fiasco.