NC - Ex-energy boss could get $44 million 'golden parachute' for 20 minutes of work

wfgodot · Jul 9, 2012

The ultimate golden parachute - Energy company boss to
get $44m exit package for TWENTY minutes in his post (Daily Mail)

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The former boss of the largest electricity company in the US is to get a $44m payoff - for just 20 minutes work.

Bill Johnson was in charge of the newly merged Prospect Energy and Duke Energy for less than an hour before he was ousted.

According to Securities filings he could walk away with the colossal farewell package in what a former colleague has called the most blatant example of corporate deceit he had ever seen.

Utilities regulators are now considering investigating his abrupt resignation amid protests from shareholders.
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more at the link above

LaLaw2000 · Jul 10, 2012

That is outrageous!

TrackerSam · Jul 10, 2012

LaLaw2000 said:
That is outrageous!

Must be one of those 'green jobs' Obama talks about.

animlzrule · Jul 10, 2012

Why not? It worked out pretty well for Dick Cheney when he did it. Different rules for different fools, I guess.....

wfgodot · Jul 10, 2012

If Marx didn't predict this in Das Kapital, it was because even he would have found it hard to believe.

NC - Ex-energy boss could get $44 million 'golden parachute' for 20 minutes of work

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