How Do You Make $5.5M/Hr.? Ask This Guy - Spokane, North Idaho News & Weather KHQ.com

How Do You Make $5.5M/Hr.? Ask This Guy

MSN - How much severance would you expect after one day on the job? Not a lot, right? Well, the now ex-CEO of Duke Energy Corp., Bill Johnson, is getting up to a cool $44.4 million for his one day at the helm.

Johnson had previously been CEO of another energy company that merged with Duke and signed a contract to be Duke's chief officer when the merger took effect. That was July 2. Suddenly, on July 3, he resigned (though rumors speculate it was more of a firing).

Either way, Johnson stands to collect $7.4 million in severance, a $1.4 million bonus and some hefty stock awards to round out the rest. A quick look at the calculator shows that's an hourly rate of $5.5 million. Not bad for a day's work.

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