Leading change: An interview with TXU's CEO

The 2002 deregulation of electricity in Texas shocked TXU, plunging the power generation and distribution business into its worst financial crisis.
But after decades when regulators set the rules, the company has learned to prosper in competitive markets.
In this interview, TXU Chief Executive C. John Wilder, who led the turnaround, explains why economics provides the most effective criteria for acting decisively and dispassionately.
As a result of this focus on economics, new opportunities have emerged, organizational energy has been unleashed, better employee attitudes prevail, and performance has improved.

Efforts to reduce climate change can profoundly affect the valuations of many companies, but executives so far seem largely unaware.

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