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Essay heading: CMS Energy Scandal and Rebound
 
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Issue: Business
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Date added: March 25, 1998
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No of pages / words: 5 / 1246
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Reliant's round-trip trades made up 20 percent of all its trading last year. Dynegy has denied taking part in anything improper and has reportedly cooperated with investigators. Four major energy companies all have made and unethical decision and have had a hand in manipulating the energy market. The outcome In 2002 management admitted that CMS Energy booked $4...
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The company's stock price dropped by more than 50 percent over the past year and in May 2002, CMS Energy's CEO resigned. Preston D. Hopper, CMS's former chief accounting officer was fired, and Tamela C. Pallas, former chief executive of CMS Houston-based trading subsidiary resigned from CMS with a lucrative $2,028,000 termination contract...
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