Tag Archives: executives
First Solar Posts Loss; Executives Play Musical Chairs
First Solar (Nasdaq:FSLR) announced its Q1 earnings yesterday and posted its second-ever loss. As reported yesterday, the company appointed Jim Hughes as new CEO, and as reported last month, First Solar idled lines in Malaysia, closed down its German factory, and fired 30 percent of its workforce, or about 2,000 employees. The quarter’s loss was [...]
Bonuses for Solyndra’s Remaining Employees? #WTF
The corpse of bankrupt Solyndra continues to throw off taxpayer and venture cash to executives. Solyndra looks to pay its remaining staff an additional $500,000 in bonuses, according to reports in The Mercury News and The San Jose Business Journal. The attorneys for Solyndra (that would be Pachulski Stang Ziehl & Jones) are asking the [...]
Solar Executives Rebut Fossil Fuel Industry Attacks
Back in October, my Tigercomm colleague Mark Sokolove and I took Scaling Green’s Communicating Energy lecture series on the road to the Solar Power International 2011 (SPI) conference and trade show in Dallas, Texas. We spoke with leaders in the solar energy field, and they had some interesting rebuttals to the most common attacks leveled by the fossil [...]
Solyndra Executives Banked Bonuses in 2011
While Solyndra burned, the executives fiddled — and kept feeding themselves healthy bonuses. Dana Hull of the San Jose Mercury News read the 277-page Solyndra bankruptcy documents so you wouldn’t have to. She uncovered the fact that Solyndra bankruptcy law firm Gibson, Dunn & Crutcher earned $616,838 this summer — including $275,000 on August 19. [...]
Bank Of America Merrill Lynch Names Cleantech Investment Executives
Bank of America Merrill Lynch (BAML) has expanded its cleantechnology investment banking team with the addition of Jon Krahulik asmanaging director and global head of clean technology investmentbanking, and Riaz Ladhabhoy as director of clean technology investmentbanking. Krahulik and Ladhabhoy will join the firm’s Palo Alto,Calif., office in July and June, respectively. They will be [...]
Executives from Q-Cells and Suntech join SEMI Board
SEMI announced the appointment to its international board of directorsof Zhengrong Shi, Ph.D., founder, chairman and chief executive officerof Suntech Power Holdings Co. Ltd, and Gerhard Rauter, chief operatingofficer and member of the Executive Board of Q-Cells SE. Inaddition to naming the two new voting board members, the SEMIInternational Board of Directors bestowed honorary emeritus [...]
MEMC Appoints New Executives (WFR)
MEMC Electronic Materials Inc. says it has made three organizational changes to its corporate leadership team. KenHannah, who had served as senior vice president and chief financialofficer since April 2006, has been promoted to the new position ofexecutive vice president of MEMC and president of MEMC Solar Materials.In this role, Hannah will be responsible for [...]
Clean Energy Debate Heads to White House with Corporate Executives
Asthe health care debate winds down, the next major national debate willfocus on energy reform. The investor coalition Ceres and the CleanEconomy Network organized a clean energy lobbyist forum this week atthe White House including corporate executives from more than 100companies, representing a wide variety of industries includingrenewable energy, information technology and athletic apparel. Thebusiness [...]
Survey: Cleantech Execs Bullish On Sector
Despite a significant decline in private funding of cleantechcompanies in the first quarter of this year, a recent survey shows thatcleantech executives are bullish on the asset class. Ina survey conduced by Polachi Inc., a provider of executive services totechnology, clean technology, private equity and venture capitalcompanies, nearly 90% of respondents indicated they predict growth inthe [...]
Green-energy optimism flickers through financial clouds
Global energy executives believe turbulence in global financial markets will tip the playing field in favour of established renewables technologies such as onshore wind and solar photovoltaics (PV) in 2009, according to a survey.A poll of more than 200 energy executives found that 60% believe both onshore wind and solar energy will grow more than [...]