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How much severance would you expect after one day on the job? Not a lot, right? Well, the now ex-CEO of Duke Energy Corp., Bill Johnson, is getting up to a cool $44.4 million for his one day at the helm. Johnson had previously been CEO of another energy company that merged with Duke and signed a contract to be Duke's chief officer when the merger took effect. That was July 2. Suddenly, on July 3, he resigned (though rumors speculate it was more of a firing). Either way, Johnson stands to collect $7.4 million in severance, a $1.4 million bonus and some hefty stock awards to round out the rest. A quick look at the calculator shows that's an hourly rate of $5.5 million. Not bad for a day's work.
Answer by May-20 at 5:05 PM on Jul. 11, 2012
Answer by jesse123456 at 5:45 PM on Jul. 11, 2012
That's freaking ridiculous & obscene! No one deserves that kind of money!
Answer by mrsmom110 at 5:01 PM on Jul. 11, 2012
Answer by May-20 at 10:20 PM on Jul. 11, 2012
Answer by jewjewbee at 11:17 AM on Jul. 12, 2012
Answer by SpiritedWitch at 12:40 PM on Jul. 12, 2012
Answer by Dardenella at 5:23 PM on Jul. 11, 2012
The customers will eventually get to pay for that- We all talk about fiscal responsibility and many corporations are the antithesis of that- customers incur the financial impact of those fiscally irresponsible decisions.
Surprised more people can not connect those dots-
Answer by Sisteract at 1:35 AM on Jul. 12, 2012
Answer by SpiritedWitch at 10:17 AM on Jul. 12, 2012
Answer by jewjewbee at 11:18 AM on Jul. 12, 2012
Next question overall
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