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Article: OSCAR WYATT ACCUSES EL PASO LEADERSHIP OF MISLEADING SHAREHOLDERS
- Article from:
- Hart's Petroleum Finance Week
- Article date:
- July 15, 2002
CopyrightCopyright Phillips Business Information, LLC Jul 15, 2002. Provided by ProQuest LLC. (Hide copyright information)
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During last week's speech on corporate responsibility, President Bush implored shareholders to make their voices heard and demand accountability from corporate directors. It would seem Oscar Wyatt agrees with that sentiment.
Wyatt, who became a major shareholder of El Paso Corp. (NYSE: EP) after its merger with Wyatt's Coastal Corp., has launched a letter- writing campaign to El Paso Chief Executive Officer William Wise and the El Paso board of directors.
He sent copies of the letter to members of Congress - including Senate Majority Leader Tom Daschle (D-S.D.) and House Minority Leader Richard A. Gephardt (D-Mo.) - and the Securities and Exchange Commission. Wyatt is accusing the ...