Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
This guy takes the gold in the CEO Olympics.
http://thinkprogress.org/economy/2012/07/06/512293/duke-energy-ceo-one-da/Duke Energy CEO To Receive $44 Million Payout Despite Resigning On His First Day
Hours after new Duke Energy CEO Bill Johnson assumed his new position following the Duke/Progress Energy merger this week, he resigned his post. But Johnson can still qualify for up to $44.4 million for his time and effort:
Despite his short-lived tenure, Mr. Johnson will receive exit payments worth as much as $44.4 million, according to Duke. That includes $7.4 million in severance, a nearly $1.4 million cash bonus, a special lump-sum payment worth up to $1.5 million and accelerated vesting of his stock awards, according to a Duke regulatory filing Tuesday night. Mr. Johnson gets the lump-sum payment as long as he cooperates with Duke and doesn’t disparage his former employer, the filing said.
Under his exit package, Mr. Johnson also will receive approximately $30,000 to reimburse him for relocation expenses.
2 replies
= new reply since forum marked as read
= new reply since forum marked as read
