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Essay text:
Broadhead brought forth a commitment to quality and customer service, increased its focus on the utilities industry, expanded capacity, and improved its overall cost position. This later result was the selling off of many of FPL’s non-utilities businesses.
Problem: Due to deregulation in the current utilities market, FPL, had been undergoing many changes within its own organization. With the recent Executive turnover and the resulting sell off of many company assets, FPL had been contemplating the decision to downgrade its dividend payout. This would be the first cut to dividends in close to 50 years...
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