TXU’s John Wilder Pulls a Fast One on His Board

So says Dennis Berman on the WSJ‘s blog. If KKR’s subprime exposure doesn’t prevent it from closing the deal with TXU, Wilder stands to make about $300 million. To which we say: nice. The problem, Berman points out, is that Wilder began talks with KKR without notifying his board. They were in the dark for five to six weeks. That’s a big no-no.

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