Chuck Watson

Chief Executive Officer, Dynegy Inc

On May 28, Chuck Watson, chairman and chief executive of Houston-based energy-trading giant Dynegy, resigned after the company's board of independent directors requested he leave. The Friday before, in his last interview with the media, Watson sat down with BusinessWeek's Christopher Palmeri in an attempt to clear the air about the various controversies surrounding the company he founded in 1985. (The SEC is investigating 'round trip' transactions in the energy business very similar to the IRU scam used by the telecoms.) More...

Chuck Watson on Tuesday resigned as chairman and chief executive officer of Dynegy Inc. amid a series of regulatory enquiries into the firm's trading activities and increased concerns about its financial health. More...

Watson's company decided that it is more likely to survive without Watson - and the board accepted what it called his resignation. Watson's quitting came less than a week after the resignation of William McCormick, CEO of CMS Energy, Dynegy's partner in two bogus energy trades. More...