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Resource ID: #18089
Subject: Technology
Source: Wall Street Journal (New York)
Affiliation: 
Date: Aug. 22

Description

The Wall Street Journal focuses on the wrong step that Montana Power Co. has undertaken by dumping its generators and chasing a broadband dream, "just as energy takes off." The story reveals that the management team failed "to get shareholders' approval for the company's transformation," and sheds light on an "unusual lawsuit" against the utility, its board, and its senior executives and consultants. The reporter finds that the company's management has been "intoxicated by their stock price," and describes how the chief executives Bob Gannon still "scoffs at the notion that his company made the wrong move."

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