SiliconBeat

Calpine, the power generator that declared bankruptcy about three years ago from which it re-emerged this past January, released details of the compensation for the new chief legal officer it hired last August, which evidently came a day before it previous general counsel’s employment was terminated, according to an Aug. 11 employment agreement the company filed along with its quarterly financial filing today.

Thaddeus Miller (pictured), who agreed to become an executive vice president and its chief legal officer that day, is getting a $700,000 salary and will receive a pro-rated 2008 bonus targeted at Read the rest of this entry »

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 Read the rest of this entry »