Duke Energy Execs Have Bonuses Cut After Coal Ash Spill
The 2014 bonuses for five of Duke Energy’s top executives were cut by 35 percent. This is response, the company says, to last year’s coal ash spill into the Dan River.
The information was made public late last week when Duke Energy filed what’s known as its 2015 proxy statement ahead of its annual shareholder meeting. In that report, the company said, 'In order to hold the senior leaders of Duke Energy accountable for its financial and operational performance,' the bonuses of top executives would be docked.
Those affected include Duke’s Chief Financial officer, the company’s President of the Carolina’s region, the head of the company’s commercial portfolio and Duke Energy’s CEO, Lynn Good.
It cost Good more than $600,000 in what’s known as Short Term Incentives, which are a cash payout that is part of her overall compensation.
Even with that reduction, Good made $8.3 million in salary and stock in 2014.