FirstEnergy announced today that effective January 1st, they're kicking Tony upstairs to some newly-created figurehead position known as the "executive chairman." Apparently the quotes are included in the official name of Tony's new position. I like how he stopped to pose with a big grin next to a portrait of one of his belching power plants on the way out. Classy!
So, who's next? FirstEnergy's soon to be president and CEO is Chatty Chuck Jones, the famous deal-maker who is completely out of touch with the real world the rest of us inhabit. Someday, someone's going to spit in his mashed potatoes.
FirstEnergy says that Chatty Chuck worked his way up from substation engineer, but they don't share how many co-workers he had to step on to get there. Chatty Chuck has managed FirstEnergy's distribution companies since 2010. That means he was directly responsible for that meter reading disaster over the past several years at the former Allegheny distribution companies -- Mon Power, Potomac Edison and West Penn Power. But wait... Chatty Chuck brings even more to the table! He's also former president of FirstEnergy Solutions, the company's failed competitive generation subsidiary.
Chatty Chuck is also the insufferable jerk who made that stupid $102M deal to plaster FirstEnergy's name all over Cleveland Browns Stadium a couple years ago. In the wake of all the bad publicity that generated, Chatty Chuck tried to clear it up with an amusing little story about how he intimidated the staff of the restaurant where the deal went down. Aren't FirstEnergy's communications shysters going to have fun?
As amusing as all this is, Chatty Chuck shares that nothing will change. He's going to run the company exactly like Tony the Dotard did. And, just in case he starts acting like a wise guy:
Alexander, serving in the newly created position as executive chairman of the company, said he will be in an advisory role. "But Chuck is running the company," he said.
Demonstrating that FirstEnergy's death spiral will continue, perhaps even speed up, Jones revealed that he doesn't understand finance.
"Having a stronger technical understanding of the finances would be a plus, but I don't see it as a necessity," he added.