Former Massey executive pleads guilty to conspiracy
February 28, 2013 · While he didn’t call him by name, former president David Hughart said, under oath, that Massey’s former CEO Don Blankenship knew about the violations. David Hughart now faces up to six years in prison and a $350,000 fine. David Hughart of Crab Orchard admitted that he conspired to impede the Mine Safety and Health … Read more
Duke-Progress merger being examined after CEO change
RALEIGH, N.C. — The sudden decision to replace the chief executive tapped to run America’s largest electric company has prompted North Carolina’s attorney general and regulators to launch investigations into whether consumers were misled. Attorney General Roy Cooper on Friday demanded that the new Duke Energy Corp. provide all information and communications from top company … Read more
Duke Energy CEO resigns after 5 hours on the job: pay for the day? – 44.4 Million Dollars
For most Americans, getting fired from a job is a nightmare scenario. Not so if you’re a CEO toiling away at one of the country’s wealthiest companies. After just five hours on the job, Duke Energy CEO Bill Johnson was surprisingly removed from his chief executive post and given a stunning $44.4 million severance package. … Read more
