Columbia Pipeline’s Top Leadership Quits After Sale to TransCanada

I QuitLast Friday MDN told you that TransCanada completed its $10 billion purchase of Columbia Pipeline Group (see TransCanada and Columbia Pipeline Tie the Knot Today). Promptly following the deal’s close, most of Columbia’s top management, including the CEO, president, executive vice president/chief financial officer and the company’s top lawyer quit. Although the announcement doesn’t say, we suspect they had golden parachutes of some kind. Given the timing of the announcement, immediately following the deal’s closing, it was no doubt in the works for months…

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