Calpine general counsel “terminated”
It was a big week for personnel changes at Calpine. The company named a new chief executive Monday.What got less notice was the termination the next day of the company’ general counsel, Gregory Doody, news of which Calpine filed with the SEC on Thursday. The language of the filing doesn’t give a clue who initiated the termination, but the writing may have been on the wall for this one. Back on July 16 the company amended Doody’s employment agreement, extending it until November 30, at which time the company said Doody would become an “at-will” employee, meaning he could fire, or quit, at any time.
The move was “In accordance with (Calpine’s) objective of reducing the number of its employment agreements following its emergence from bankruptcy,” according to a regulatory filing.
Doody joined Calpine in July 2006 from HealthSouth. He is a member of the Executive Committee of The Federalist Society’s Corporations and Securities and Antitrust Practice Group.
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