Progress energy employees outraged by removal of CEO Bill Johnson in Duke merger

From the Charlotte Observer:

Pressure is building on Duke Energy to explain why it ousted Bill Johnson as CEO this week, as former Progress Energy board members break their silence and express outrage at what they term a calculated deception.

At the same time, the N.C. Utilities Commission – which last week approved the merger between Charlotte-based Duke and Raleigh-based Progress with the understanding that Johnson would be Duke’s CEO – is internally deliberating whether to investigate whether Duke officials lied about their intentions.


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