Friday, September 28, 2012

Duke Energy Coup, Part Deaux

Back in July, William Johnson held the CEO position with the merged Duke Energy/Progress Energy for two hours. As with many complicated stories, time allows for more information to be disseminated. For example, in an interview, old/ex/new CEO Jim Rogers said that he had only given up his position as a CEO of Duke Energy in order to pay a lower premium for Progress Energy. This implies that William Johnson helped aid the sale of Progress at a discount in order to be the CEO of the combined company, an accusation he vehemently denies.