|
|
Article: Wyatt scolds El Paso executives for accounting, other practices.
- Article from:
- Natural Gas Week
- Article date:
- May 27, 2002
- Author:
CopyrightCOPYRIGHT 2002 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
If El Paso expected a short, uncontroversial, for-the-record-only shareholders meeting last week, it was greatly mistaken.
Oscar S. Wyatt, the founder and retired chairman of Coastal Corp., acquired by El Paso in 2001, led a delegation of about 30 other former Coastal employees who came to register their concerns about the decline in the stock price and other issues (NGW Feb. 4, '01, p6.). The group traveled from Houston, where El Paso is headquartered, to a hotel in Dallas, 250 miles away and several hundred miles distant from El Paso's closest operations.
All of the ex-Coastal people now are El Paso shareholders. Wyatt is one of the largest individual ...