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.
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