CEO gets cool $44M severance package for one day of work
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.
If nothing else, this shows that the country is on the "right track", isn't it?
Brada-Anansi Member # 16371
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A SCAM!
The Explorer Member # 14778
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It's more than a scam; it is a symptom of a degenerating society and economic system!
mena7 Member # 20555
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New banking fraud in the news. The libor banking fraud case were according to the website help free the earth the big banks of London and New york manipulate interest rate in order to steal billion of dollars .The stolen $ billion were deposed in 1%,banker,businessman and politician secret bank account . Another case of banking fraud in the news .HSBC appologise to the USA congress for laundering Mexican drug money and middle east terror money .The FBI accuse Bank of America of Laundering drug money for the Mexican Zeta drug cartel . Money corrupt but absolute money corrupt absolutely .Like the bad guy said in the movie shooter its human weakness (greed) you can not kill that with a gun (or incarcerate it ) ha ha ha ha .
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