December 10, 2012
I worked at Calpine before its bankruptcy. I worked in IT and there where two groups: one who know each other from the service, and one related by blood. In-between war and the Friday 5PM call - after you left the building. Management by sheer fear. Arrogant, incompetent, and spineless management all the way to the top. I witnessed conflict of interests and perhaps even embezzlement. The flavor of the week reorg - none stop across all parts of the business. On the business side, incompetent leadership put together by favorism which led finally to Calpine's bankruptcy. Calpine was the last resort place for outcasts who could not land a job during the Dot-Com days - and in those days pretty much anybody could find a job. Then brought a lot of good people on board which got pink slipped during those days. Few people at the bottom essentially doing all the work while incumbents took all the credits. I only worked there for a year and was not laid off. I can honestly say this was the worst company I ever worked for - and there is no close second. Their bankruptcy had little to do with natural gas markets and much to do with what I described above. I cannot say much about the time after bankruptcy as everybody I knew, some talented folks, left once the Dot-Com hangover resolved. I am assuming that bankruptcy solved most of the issues above.