Saturday, July 7, 2012

Ousted Duke Energy CEO Earns Up to $44.4 Million for a Few Hours Work

When Duke Energy bought out Progress Energy on Monday, it formed a utility company of colossal proportions, which will provide power to more than 7 million Americans. And a whopping company means a whopping CEO compensation package -- even if that CEO is no longer the CEO. Bill Johnson resigned after just hours at the helm of the new firm, reports The Wall Street Journal, and walked away with a severance package that could be worth up to $44.4 million.

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