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Baltimore: America's biggest branch town
The name "Constellation Energy" will still be around. The energy trading firm will still be doing much the same thing it ever has in a large, new building on Baltimore's waterfront. It will have somewhat fewer employees, but it will, at least for the next several years, maintain its status as one of the region's largest corporate philanthropists. And it's not as if Constellation was universally beloved around town anyway; despite its many contributions to the local economy and charitable scene, the company was often derided, as was its CEO, Mayo A. Shattuck III. So why should we mourn the sale of Baltimore's last Fortune 500 company to Chicago-based Exelon?
March 14, 2012