Entergy 2010 Annual Report Download - page 11

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ENTERGY CORPORATION AND SUBSIDIARIES 2010
values and principles. Thanks to the hard work of our dedicated employees and the
commitment of our board of directors and leadership team, this approach has worked for
our stakeholders. Every company has its ups and downs. The key is not to take the “ups”
for granted and become complacent and not to let the “downs” get you “down”, to give in or
give up, or simply take the path of least resistance. I assure you that is not the company’s
culture and not something your board of directors would ever tolerate.
In 2011, James Nichols and Frank Blount reached mandatory retirement age from
Entergy’s board of directors; Mr. Nichols after serving 24 years, and Mr. Blount after 23 years
of service. They leave the company in a very different fi nancial and operational state than
when they arrived. Their contributions and guidance have been invaluable to righting the ship
and navigating the rough seas we have encountered over the years. In January 2011, former
U.S. Sen. Blanche Lambert Lincoln was elected to our board of directors. As one of the most
respected members of Congress, her advice and counsel will be
extremely benefi cial to the board, Entergy and its stakeholders. We
are very proud that Sen. Lincoln has chosen to serve beside a very
talented and dedicated board of directors at Entergy.
We look forward to the years ahead. The last couple of years
of falling commodity prices, uncertainty around license renewal
at our non-utility nuclear plants and our failure to achieve the
spin-off of our non-utility nuclear business have left scars that will
not heal until we have reversed the damages from these events and
achieved success in these and other areas. We are better than
the total shareholder return ranking this year shows. I believe
Entergy has the capabilities, fi nancial strength and resilient spirit
to deliver the value that our stakeholders expect and deserve.
But,
“if wishes were horses, beggars would ride.”
We have our
e.”
work cut out for us. It seems clear enough what we need to do.
You can trust we are getting after it every day.
J. Wayne Leonard
Chairman and Chief Executive Officer
9