Of course, few people within Duke know what happened and the national business media has no idea what happened. As late as Monday, Duke was saying that Bill Johnson would be the CEO and were scheduling interview appointments for him. The possibility that the Duke BoD simply had this planned all along (now that he had fulfilled his duty as the Judas goat) is just as good as him deciding to avail himself of an entirely AVERAGE payout package.
What you victims of wealth envy don't seem to understand is that these payouts are negotiated and are legally binding terms of employment. Refuse to pay them and you can't attract the talent you need.
Duke's market capitalization is now over $32 billion. They've committed $650 million in fuel savings costs to the customers. I wouldn't bemoan $10 million dollars to a man who held positions of responsibility you whining saps can only dream of, and quite possibly got the royal heave-ho against his will.
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