Dive Summary:
- According to securities filing, Duke Energy's CEO Jim Rogers made $8.7 million in 2012, which is actually less the two years before that.
- Rogers will retire by the end of the year and is paid entirely in stock and stock options.
- Also on the filing was the news that Bill Johnson, the former Duke CEO who was unceremoniously fired about an hour into his appointment, walked away from the job with a negotiated severance of $23.6 million.
From the article:
"... 'Duke Energy’s executive compensation is consistent with that of other large utilities, as well as similarly sized companies in other industries,' Duke said in a statement. 'We use a pay-for-performance approach. Duke Energy followed existing contracts, in most cases, for Progress Energy executives.' ..."