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