TAMPA - Corporate executives usually consider it cool to get written up in the trend-conscious business magazine Fast Company.
But not if you're Robert Fagan, chairman and chief executive of TECO Energy Inc., and the subject of the feature, "CEO SEE-YA!"
It offers up one unlucky CEO each month as the magazine's answer to the snarky question: "Which CEOs deserve the boot?"
The April issue of Fast Company highlights Fagan as a chief executive who has overstayed his welcome. Describing Fagan as "this month's candidate for a going-away party," the magazine recounts the Tampa utility's disastrous wholesale power investments, last year's slashing of the company's dividend and the fact that most Wall Street analysts take a dim view of TECO's stock.
"We think it's time for Fagan to feel the same jolt as investors," Fast Company concludes.
