AEP & Entergy Merger Red Herring 05/18/2011
This recent article in Financial Times claims that an AEP and Entergy merger is not going to happen. "However, social differences between the companies as well as Entergy’s nuclear challenges prevented a merger with AEP from moving forward, claimed the first industry banker. He said he would be surprised if the companies could make a deal work now." Oh, poppycock! (to use one of Mikey's favorite antique words) We all know how AEP's propaganda posse love to scam the public by jerking the media around with false "rumors." The article even throws one of AEP's famous red herrings onto the grill. Other companies are named as possible buyers: FirstEnergy, Dominion, Southern Co. and NextEra. You may be able to trust the Gorton's Fisherman, but don't be misled by AEP's squid bait. These other companies are just red herrings to keep you busy while AEP and Entergy get down to serious business, like discussing their "social differences." About those social differences... based on the affected citizens' experiences with AEP during the PATH Transmission project, we've discovered that AEP lies, cheats and steals. So, what's the moral climate like at Entergy that makes them socially different? You know what they say, Entergy, lie down with dogs and get up with fleas. CommentsKarma 05/23/2011 6:19pm
If Entergy knows what's good for them, they'll run, run, run, as fast as they can away from the morally corrupt AEP and their polluted dinosaurs.
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Opportunity 05/24/2011 8:16am
Economies of Scale = Now AEP can get rid of the deadweight of incompetence on their payroll, like the employees who so completely screwed up the PATH project that it's never going to be built. I'd start in the PR department....................
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Da hillbilly 05/24/2011 8:46am
It would seem that AEP is attempting to find a new bed partner while dumping some dead weight at the same time. Does anyone actually believe any of these companies would consider this merger? I can't say that I would blame AEP for trying to clean up their huge boondogle but as Karma has said above, if Entergy has any sense at all they will RUN FOREST RUN! AEP will drag this company down into the mire as they have time and time again. I find it hard to believe ANY company would go to bed With AEP. Reputation alone should make anyone keep their distance! As for the employees responsible for the PATH "Charlie Foxtrot," those folks had better have their resumes polished and ready to submit at a moments notice ... You don't think Mikey is going to allow this behavior much longer do you?
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AEP is criminal 05/24/2011 9:15am
and morally bankrupt
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The Unemployment Line 05/24/2011 10:03am
I guess this is why they're keeping Mikey around so long. They need to trot him out one more time for a mass layoff of AEP employees resulting from the merger.
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rich 05/24/2011 7:17pm
What does morris care? He's got his golden parachute retirement looming. He's selling everyone else down river.
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Date-from-HELL 05/26/2011 10:44am
Hey Hillbilly,
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Fortune Teller 05/28/2011 10:22am
When I look into my crystal ball I see...............
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birds-of-a-feather 05/30/2011 7:39am
i'll tell you about the moral climate at entergy because you asked. they own and operate a creaky fleet of nukes that are the next environmental disaster in the making. their public relations strategy relies on corporate funded frontgroups. entergy has been behind many 'nukes are green' frontgroup scams. entergy's c.e.o. ranks #1 in utilities for total compensation. he makes morris look like a pauper. if you're looking for morals at entergy you will be disappointed. they're no better than AEP and a merger would be like satan mating with hitler.
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? 06/01/2011 12:31pm
Satan mating with Hitler and the offspring controlling the masses is more like it.
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