Friday, January 14, 2011

Progress CEO in line for nearly $8M in pay - CharlotteObserver.com

Duke Energy CEO Jim Rogers, left, and Progress Energy CEO Bill Johnson on Wednesday. If the merger is approved, Rogers will be executive chairman and Johnson CEO of the combined companies. 
By Christina Rexrode and Alan M. Wolf
crexrode@charlotteobserver.com
Posted: Thursday, Jan. 13, 2011
If the merger is approved, Johnson, 57, will make a base salary of $1.1 million, according to the company's regulatory filings. He also would be eligible for incentive compensation worth up to about $6.9 million, and various other perks under Duke's compensation policy, including use of the corporate aircraft. He also would be reimbursed for expenses related to his relocation to Charlotte, where the combined company would be based.
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