Al Gore, take another bow. Hollywood is not the only place concerned about global warming. Now Wall Street is worried too. On Feb. 25, the Texas utility TXU Corp. agreed to a proposed $45 billion buyout--the biggest deal ever to take a public company private--with major environmental initiatives attached.
Turns out the barbarians at the gate--Henry Kravis of Kohlberg Kravis Roberts & Co. and David Bonderman of Texas Pacific Group (TPG)--have a little tree hugger in them. Even before the deal with TXU was sealed, the buyout shops called up environmentalists and, in a 17-hr. meeting at San Francisco's Mandarin Oriental...