PRESIDENT GEORGE W. BUSH Message Board

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Politics : PRESIDENT GEORGE W. BUSH

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To: Red Heeler who wrote (495409)	11/19/2003 11:04:37 AM
From: Skywatcher	Read Replies (2) of 769670

more stockholder BANDITRY FOR the bush CADRE OF CEO ENERGY CROOKS Duke Energy releases details of CEO compensation package (DUK) 17.19: Co. announces that the Compensation Committee of the board of directors has approved an employment agreement for Chairman and CEO, Paul M. Anderson, which is stock based and tied directly to the performance of the co. Anderson will receive no base cash salary. The agreement covers the period from 11/1/03-1/1/07, and requires Anderson to hold all shares of Duke Energy stock he receives under it until that date. The three-year package includes the following key components: 1) Shares of common stock equivalents - a total of 285,000 shares 2) Performance shares - 360,000 shares based on financial objectives 3) Options - a one-time stock option grant of 1.1 mln shares, granted on 11/17/03, with a strike price of $17.45. The agreement prohibits him from exercising options before Jan. 1, 2007. 4) Cash dividend equivalents on all unvested common stock equivalents and performance shares when dividends are declared and paid on Duke Energy CC

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