Take This Job, and shove!!!

[SLP]

If I were a Duke stockholder, I would be upset because someone DID steal something from me. I honestly don't think we have heard the last of this Bill Johnson fiasco. He only worked a few hours, not even a full day. jmo

Well Johnson was the CEO for Progress Energy when they merged with Duke Energy. So it wasn't like they just hired him and he hadn't worked at all. He likely was a big part of the negotiations of the two companies merging. He obviously was promised the CEO position of the combined companies and certainly had a golden parachute clause inserted into his contract prior to the merger. For some reason Jim Rogers the chairman and CEO of Duke, and the board of directors then changed that plan and asked him to resign (forced him out). His severance package would have been negotiated prior to the merger, and he has the right to it.

I have no idea who truly is right or wrong in this situation, but at first glance it could seem like Rogers might not have been negotiating in good faith and basically took away Johnson's company from him. That comes with a price.

[GeoFisher]

Well Johnson was the CEO for Progress Energy when they merged with Duke Energy. So it wasn't like they just hired him and he hadn't worked at all. He likely was a big part of the negotiations of the two companies merging. He obviously was promised the CEO position of the combined companies and certainly had a golden parachute clause inserted into his contract prior to the merger. For some reason Jim Rogers the chairman and CEO of Duke, and the board of directors then changed that plan and asked him to resign (forced him out). His severance package would have been negotiated prior to the merger, and he has the right to it.

I have no idea who truly is right or wrong in this situation, but at first glance it could seem like Rogers might not have been negotiating in good faith and basically took away Johnson's company from him. That comes with a price.

Well Stated.............

[TimE]

How to piss off a liberal/socialist crybaby?
Work hard
Be successful
And be happy. They really hate all thr3