When Progress Energy agreed to be bought by Duke Energy, it was agreed that its CEO, Bill Johnson, would run the combined company. Instead, Johnson was pushed out by the board -- mere hours after he took over. But don't feel bad for him -- his golden parachute is enormous.
When Duke Energy bought Progress Energy, its board tapped Progress's chief, Bill Johnson to serve as CEO. Less than a week into his service, they dumped him, but Johnson still stands to receive up to $44.4 million in severance pay.
In a new survey, economists say the U.S. government should focus on promoting economic growth rather than reducing the deficit in the near term. However, 75% of them oppose another stimulus package.
Traditionally, doomsday prognosticators came from the fringes of society. But some of the direst thinkers are now on Wall Street, where fear and foresight have some money men contemplating their escape routes.
Singapore has the greatest proportion of millionaire households in the world, but why? Credit a better quality of life, a growing economy, family friendly businesses and so much more.
A severe food shortage is on its way, according to famed investor Jim Rogers. Food inventories are the lowest in decades and "[m]any farmers cannot get loans to buy fertilizer now, even though we have big shortages developing," he said.
