Draft:C. John Wilder
| Submission declined on 27 July 2024 by SafariScribe (talk). This submission is not adequately supported by reliable sources. Reliable sources are required so that information can be verified. If you need help with referencing, please see Referencing for beginners and Citing sources. This submission's references do not show that the subject qualifies for a Wikipedia article—that is, they do not show significant coverage (not just passing mentions) about the subject in published, reliable, secondary sources that are independent of the subject (see the guidelines on the notability of people). Before any resubmission, additional references meeting these criteria should be added (see technical help and learn about mistakes to avoid when addressing this issue). If no additional references exist, the subject is not suitable for Wikipedia.
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| Submission declined on 20 August 2023 by Timtrent (talk). This submission's references do not show that the subject qualifies for a Wikipedia article—that is, they do not show significant coverage (not just passing mentions) about the subject in published, reliable, secondary sources that are independent of the subject (see the guidelines on the notability of people). Before any resubmission, additional references meeting these criteria should be added (see technical help and learn about mistakes to avoid when addressing this issue). If no additional references exist, the subject is not suitable for Wikipedia. I believe you misunderstand referencing. The reference must be about Wilder. Please remove those that make no mention of him and do not rely on any that make only a passing mention.
Declined by Timtrent 15 months ago."company,[1][2][3][4] " is a prime example of WP:CITEKILL. Instead we need one excellent reference per fact asserted. If you are sure it is beneficial, two, and at an absolute maximum, three. A fact you assert, once verified in a reliable source, is verified. More is gilding the lily. Please choose the very best in each case of multiple referencing for a single point and either drop or repurpose the remainder. I am not persuaded that this is more than a curriculum vitae, nit that Wilder is anything but a WP:ROTM businessman doing his job | |
Comment: This is an entirely redrafted version of this page, which has been edited to address the issues pointed out by the reviewer. Regarding notability, C. John Wilder qualifies as notable under Wikipedia guidelines for several reasons. Wilder is the former CEO of TXU, a Fortune 500 company he led from 2004-7, which means if this page were published, guidelines say it should not be deleted. See the AfD guidelines: WP:NBUSINESSPERSON. But he also is well qualified under standard WP: Notability (people). There have been multiple in-depth articles focused on Wilder in highly prominent news sources such as CBS: “Growing smaller: Wilder re-energizes Texas utility by scaling back business;The Wall Street Journal: Wilbur Ross Turns to Ex-TXU CEO to Save Exco, and Bloomberg: Wilbur Ross’s ‘Turnaround Titan’ Tries to Beat the Oil Rout In addition, there are several other articles where he is prominently featured, which are not feature stories about him. Under WP:BIO: even if the depth of coverage in any given source is not substantial, then multiple independent sources may be combined to demonstrate notability. Press coverage in which Wilder is featured prominently includes: includes three articles in the Wall Street Journal “How Shale-Gas Boom Led to Demise of Energy Future Holdings”, “How a Texas Power Company Got Tough With Consumers”, and “Elliott Pushes for Changes at NRG Energy”, and “For Buyout Kingpins, the TXU Utility Deal Gets Tricky” in the New York Times. Many of these sources are behind paywalls, so I’ve left relevant excerpts in the quote section of the citations. A previous reviewer complained that many statements were unnecessarily cited to multiple sources. This has now been fixed. Please also see my COI disclosure on Talk. W12SW77 (talk) 18:36, 26 March 2024 (UTC)
C. John Wilder | |
|---|---|
| Born | 1958 |
| Nationality | American |
| Alma mater | Southeast Missouri State University University of Texas at Austin |
| Occupation(s) | CEO (former) TXU Energy Executive Chairman of Bluescape Group |
| Website | https://www.bluescapegroup.com |
C. John Wilder is a U.S. energy industry executive and investor. He was the CEO of TXU Energy, a Fortune 500 company,[1][2][3] and founder[4] and executive chairman of Bluescape Group.[5][4] Wilder was hired as chief executive of TXU in 2004.[6] [7] He negotiated the sale of TXU[8] in 2007, which at the time was the largest ever leveraged buyout.[9]
Early life and education
[edit]Wilder earned a bachelor’s degree in business administration from Southeast Missouri State University in 1980,[10] graduating magna cum laude.[11] He earned a master’s degree in business administration from the University of Texas.[11][12]
Career
[edit]In his early career, Wilder worked nearly twenty years at Royal Dutch Shell. He held about fifteen management positions and became the CEO of Shell Capital.[11]
Wilder joined Entergy Corp. in 1998. In 2003, he became Entergy’s executive vice president and chief financial officer.[13]
In February 2004,[14][15] Wilder joined TXU as CEO.[16] When Wilder came on, TXU’s debt was above 70% of its market capitalization.[14] As CEO, Wilder sold off assets,[17] including an overseas utility, a telecom start-up, and a natural-gas distribution company. He repurchased debt and convertible securities to reduce fixed obligations and increase the company’s capacity to confront risk. He outsourced call center and billing functions.[14] Wilder announced plans in 2006 to build 11 coal-fired plants in Texas.[18][19] The plan drew protests from the public.[20][21]
In 2007, Wilder negotiated TXU’s sale in a leveraged buyout by Kohlberg Kravis Roberts (KKR),[22] TGP,[21] and Goldman Sachs Group. The $45 billion[23][14] deal was the largest leveraged buyout to date.[21][18] Wilder received almost $300 million when he left TXU after the sale.[24] After the 2007 TXU deal, Wilder founded Bluescape Resources,[25][4] which invests in energy-related ventures and assets.[20]
In September 2015, Wilder was hired as chairman of Exco Resources, an oil and gas producer whose share prices had fallen to about $1.[24] The deal to hire Wilder included Bluescape buying $23.5 million in Exco stock,[26] and Exco paying Bluescape consulting fees.[24] Wilder resigned from Exco in November 2017.[27]
In 2017, Wilder and Paul Singer, the head fund manager of Elliott Investment Management, acquired a stake and board membership in NRG Energy.[28] In July 2017, Wilder and Singer put forward a plan for restructuring NRG through asset sales.[28][29]
Personal life
[edit]Wilder is married to Susan Wilder. They have three children.[21]
- ^ Sanders, Lisa (13 December 2004). "Growing Smaller". CBS Market Watch. Retrieved 7 March 2023.
For his success in righting some of TXU's excesses of the 1990s deregulated energy market and rewarding stockholders in the process, Wilder was one of four finalists for the 2004 CBS.MW CEO of the Year award.
- ^ Buehler, Kevin (1 September 2008). "TheStrategy: Owning the Right Risks". Harvard Business Review. Retrieved 6 March 2023.
When John Wilder joined TXU as CEO, in February 2004, he determined that even a small decline in wholesale power prices would put the company at risk of bankruptcy.
- ^ Dezember, Ryan (14 October 2015). "Wilbur Ross Turns to Ex-TXU CEO to Save Exco; C. John Wilder works to rescue struggling energy company, whose shares hover near $1". Wall Street Journal. Retrieved 7 March 2023.
C. John Wilder made a fortune selling the Texas utility he led, TXU Corp., to financial firms in one of the worst deals Wall Street ever signed.
- ^ a b c "Bluescape Resources: Company Profile". bloomberg.com. Retrieved 29 March 2023.
- ^ Smith, Rebecca (29 April 2014). "How Shale-Gas Boom Led to Demise of Energy Future Holdings". Wall Street Journal. Retrieved 7 March 2023.
Mr. Wilder, currently executive chairman of Bluescape Resources, a Dallas company that invests in natural gas...
- ^ "Turnaround titan' John Wilder meets first big test in Dallas oil firm's revival". Dallas Morning News. 29 August 2016. Retrieved 8 March 2023.
The company's shares responded in kind, rising almost 400 percent from when (Wilder) took over in 2004 to when he left in 2007. Wilder stepped down at TXU after orchestrating the KKR buyout ...
- ^ Smith, Rebecca (22 March 2005). "How a Texas Power Company Got Tough With Consumers". Retrieved 6 May 2023.
The company's new chief executive, C. John Wilder, in turn, has capitalized on opportunities... Investors have rewarded the moves: TXU's stock has tripled since Mr. Wilder took charge a year ago.
- ^ Collins, Ryan (24 August 2016). "Wilbur Ross's 'Turnaround Titan' Tries to Beat the Oil Rout". Bloomberg. Retrieved 24 September 2023.
C. John Wilder pulled the Texas utility TXU Corp. from the brink of insolvency a decade ago, then made a fortune selling it to a group including KKR & Co. in one of the biggest leveraged buyouts in history.
- ^ Palank, Jacqueline (6 December 2013). "Edison Mission Bondholders Turn to Wilder for Bankruptcy Help; TXU's Former Chief to Aid in Potential Legal Battle". Wall Street Journal. Retrieved 8 March 2023.
Mr. Wilder led TXU at the time of its 2007 leveraged buyout, the biggest in U.S. history...
- ^ "SEMO schedules banquet for merit award winners". Southeast Missourian. 11 October 2005. Retrieved 7 March 2023.
- ^ a b c Stavros, Richard (1 January 2005). "The Ultimate CEOs". Public Utilities Fortnightly. 143 (6): 36–58. Retrieved 7 March 2023.
- ^ Moyers, Scott (29 October 2005). "CEO forum highlights Alumni Merit Award winners". Southeast Missourian. Retrieved 7 March 2023.
- ^ Stephen, Taub (24 February 2004). "New TXU Chief Is Former Entergy CFO". CFO Magazine. Retrieved 7 March 2023.
- ^ a b c d Buehler, Kevin; Freeman, Andrew; Holme, Ron (1 September 2008). "The Strategy: Owning the Right Risks". Harvard Business Review. September 2008: 2–10. Retrieved 6 March 2023.
- ^ Durfee, Don (7 October 2005). "The Top Spot". CFO. Retrieved 9 March 2023.
- ^ Anderson, Jenny; Creswell, Julie. "For Buyout Kingpins, the TXU Utility Deal Gets Tricky". New York Times. Retrieved 14 September 2023.
- ^ Smith, Rebecca (22 March 2005). "How a Texas Power Company Got Tough With Consumers". Wall Street Journal. Retrieved 6 March 2023.
- ^ a b Faber, David (25 February 2007). "KKR, Texas Pacific Close to Record Deal for TXU". CNBC. Retrieved 7 March 2023.
- ^ Smith, Rebecca (29 April 2014). "How Shale-Gas Boom Led to Demise of Energy Future Holdings". Wall Street Journal. Retrieved 7 March 2023.
- ^ a b "'Turnaround titan' John Wilder meets first big test in Dallas oil firm's revival". Dallas Morning News. 29 August 2016. Retrieved 8 March 2023.
- ^ a b c d Souder, Elizabeth (12 October 2007). "Ex-TXU chief executive Wilder ready to tackle "life list"". McClatchy - Tribune Business News.
- ^ Collins, Ryan (24 August 2016). "Wilbur Ross's 'Turnaround Titan' Tries to Beat the Oil Rout". Bloomberg. Retrieved 14 September 2023.
- ^ Sweet, Cassandra; Steele, Anne (17 January 2017). "Elliott Pushes for Changes at NRG Energy". Wall Street Journal. Retrieved 7 March 2023.
- ^ a b c Dezember, Ryan; Jarzemsky, Matt (14 October 2015). "Wilbur Ross Turns to Ex-TXU CEO to Save Exco; C. John Wilder works to rescue struggling energy company, whose shares hover near $1". Wall Street Journal. Retrieved 7 March 2023.
- ^ Bowdeya, Tweh (22 January 2018). "FirstEnergy Gets $2.5 Billion From Elliott, Bluescape Investor Group; The Ohio-based utility said the investor group could end up owning 16% to 17% of the company". Wall Street Journal. Retrieved 21 March 2023.
- ^ Dezember, Ryan (14 May 2016). "Oil Patch Claims More Victims --- Exco shares tank after energy firm says it will explore options, a hit to some big investors". Wall Street Journal. Retrieved 8 March 2023.
- ^ Andrew, Scurria (16 January 2018). "Exco Resources, Once Backed by Wilbur Ross, Enters Chapter 11; Dallas-based driller considers assets sales while restructuring talks continue". Wall Street Journal. Retrieved 8 March 2023.
- ^ a b Oyeniyi, Doyin (22 July 2017). "NRG Energy Selling Off Its Renewable-Energy Projects". Texas Monthly. Retrieved 8 March 2023.
- ^ Jones, Jeffrey (8 April 2019). "Activist investors' threat of proxy fight puzzles TransAlta CEO". Globe and Mail. Retrieved 8 March 2023.