Banking

March 20, 2014

New Duke Energy CEO earned $6.5 million

New Duke Energy chief executive Lynn Good earned nearly $6.5 million in 2013, more than doubling her previous pay as chief financial officer.

New Duke Energy chief executive Lynn Good earned nearly $6.5 million in 2013, more than doubling her previous pay as chief financial officer.

Duke’s executive pay was reported in a securities filing about its May 1 annual shareholder meeting.

Good was paid $929,000 in salary and about $5.3 million in stock awards and incentive pay.

Her pay last year reflects only six months as CEO, a position she took in July. As chief financial officer, Good had earned about $3.1 million in 2012.

Former chief executive Jim Rogers, meanwhile, took home $9.5 million in his final year at Duke. Rogers retired as chairman in December.

Rogers was paid mostly through stock awards and options as Duke’s CEO since 2006. He earned $8.7 million in 2012.

Stock owners will vote May 1 on a shareholder proposal that Duke disclose the company’s political contributions, posting the information on its website.

Duke’s political ties have been of public interest since the Feb. 2 spill of coal ash into the Dan River. Gov. Pat McCrory, who was a longtime Duke executive, appointed the secretary of the state agency responsible for policing ash.

“Relying on publicly available data does not provide a complete picture of the company’s political spending,” the shareholder proposal says.

Duke’s board of directors opposes the proposal, saying most Duke-linked political spending comes from political action committees or employee contributions, not the company itself.

Related content

Comments

Videos

Editor's Choice Videos