Duke Energy Corp.’s ousted Chief Executive Officer Bill Johnson offered rare insight into the strains that can occur in multibillion-dollar takeovers in testimony at a hearing before North Carolina regulators yesterday.
H.J. Heinz Co. Chief Executive Officer Bill Johnson could receive more than $200 million should he exit after Warren Buffett’s Berkshire Hathaway Inc. and Jorge Paulo Lemann’s 3G Capital Inc. buy the ketchup maker.
Progress Energy Inc. Chief Executive Officer Bill Johnson was a ‘terrific communicator’ and not the autocrat Duke Energy Corp. CEO James Rogers described in a hearing on why Johnson was ousted from the combined company’s leadership, former Progress Energy director John Mullin III said.
Former Progress Energy Inc. Chief Executive Officer Bill Johnson will testify to North Carolina regulators about Duke Energy Corp.’s decision to replace him hours after the companies combined to create the largest U.S. utility owner.
Southern Co. came “exceedingly close” to buying Progress Energy Inc. before the North Carolina utility owner agreed to a takeover by Duke Energy Corp., former Progress Chief Executive Officer Bill Johnson said.
A Duke Energy Corp. board member raised concerns about Bill Johnson’s “arrogance” and said he was a “threat” to the company’s $17.8 billion takeover of Progress Energy Inc. before the deal was announced.