One of the biggest executive raises last year went to former El Paso Corp. chairman and CEO Douglas Foshee, who rocketed to 11th on the list from 30th in 2010. His $14.5 million pay package represented a 73 percent raise. Foshee sold El Paso to crosstown rival Kinder Morgan in May.Getting by on $1
Strine mocked Goldman Sachs CEO Lloyd Blankfein and banker Steve Daniel for crafting a scripted phone call Blankfein was supposed to place to El Paso CEO Douglas Foshee. The call was aimed at easing Foshees mind over Goldmans conflicts, and Blankfein, according to the script in the opinion, was to
Goldman was not blind to such criticism: While the two companies were still in talks, Goldman Chief Executive Lloyd Blankfein told El Paso CEO Douglas Foshee that Goldman was "very sensitive to the appearance of conflict," according to court documents.
Date: Mar 16, 2012
Category: Business
Source: Google
El Paso Shareholders Approve Kinder Morgan Takeover
We are pleased that our shareholders overwhelmingly approved the pending merger with Kinder Morgan and we appreciate their support, Douglas Foshee, El Pasos chief and chairman said in a statement. We view this as a tremendous outcome for our shareholders and customers.
hat is why we do not put investment bankers in charge of a deal. Decision making is entrusted in a board of directors (whom we do usually expect to be disinterestedalthough according to Strine, the CEO of El Paso may have had some problems there as well; see Douglas Foshees response this morning).
Date: Mar 06, 2012
Category: Business
Source: Google
Breakingviews: Kinder deal conflicts deserve a second hearing
It doesn't seem that those meant to have been fighting theircorner were given the proper incentives to do so. El Paso CEODouglas Foshee was quietly looking into a side deal that, asJudge Leo Strine noted, gave him some incentive to sell El Pasoat a lower price. The company's -- Douglas Foshee, El Paso's chief executive when the dealwas being negotiated, failed to disclose his interest inparticipating in buying back its exploration and productionbusiness after the Kinder sale. Goldman, which was advising ElPaso, owned an almost 20 percent stake in
Date: Mar 02, 2012
Category: Business
Source: Google
Kinder Morgan to Buy El Paso for $21 Billion in Cash and Stock
Kinder approached El Paso CEO Douglas Foshee at the end of August with a takeover proposal, Joe Hollier, a spokesman for Kinder Morgan, said in an e-mail. That was about three months after Foshee announced the plan to spin off El Pasos exploration and production assets.
Date: Oct 16, 2011
Category: Business
Source: Google
Youtube
Bloomberg - Doug Foshee
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Doug Foshee
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Changing the Track of Life Gala 4/18/12.
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12m 40s
Douglas L. Foshee - Class of 2012
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World Affairs Council with Doug Foshee
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Doug Foshee on Bloomberg, Spring 2010
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