Cypress CEO not green for green's sake

sfgate.com (Aug 12 2010)

1. Looking for solutions: Rodgers, who is wont to declaim "eco-preening," and takes potshots at Al Gore for riding around on gas-guzzling private jets, acknowledges "the dichotomy of me being involved with alternative energy." "I'm not into green for its own sake," he explains. "I'm an engineer looking for solutions, and looking to do what's best for shareholders. As an investor, I'm also an early adopter." In 2002, Rodgers began putting money into SunPower. It became a wholly-owned Cypress subsidiary three years later, before being spun off in 2008. It recorded 2009 sales of $1.5 billion, has a current market cap of $1.2 billion, and analysts are upbeat on its profit prospects. (Read Full Article)

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