(Charlotte Business Journal) Duke Energy CEO Jim Rogers says customers will pay none of the $44.7 million exit package for former Progress Energy CEO Bill Johnson.
All of it will be paid from investor money, he told the N.C. Utilities Commission in response to a question from Commissioner Susan Rabon.
Rogers has been answering questions from a clearly skeptical commission about Johnson’s abrupt departure. He told the commission that the old Duke board lost confidence in Johnson’s ability to lead the combined company during discussions held in executive session — with Rogers not participating — in mid-May.
Rogers insists that no final decision was made until the deal closed July 2. He says that the old Duke board had no authority to take any final action.
But commission members clearly felt misled.
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