Criticism
In 2002, Duke Energy was awarded the Ig Nobel Prize in Economics for "adapting the mathematical concept of imaginary numbers for use in the business world".
In December 2011, the non-partisan organization Public Campaign criticized Duke Energy for spending $17.47 million on lobbying and not paying any taxes during 2008 through 2010 and receiving $216 million in tax rebates, despite making a profit of $5.4 billion and increasing executive pay by 145% to $17.2 million in 2010 for its top 5 executives. The company has recently become the object of protest for its close relationship to the Democratic Party and its funding for the 2012 Democratic National Convention.
In July 2012, Duke Energy was criticized for paying former Progress Energy CEO Bill Johnson $44 million in compensation, including $10 million severance, for essentially 20 minutes on the job as Duke CEO. On July 10, new CEO Jim Rogers spoke before the N.C. Utilities Commission, explaining the reason for Johnson's dismissal as "loss of confidence". He also mentioned an "autocratic style", though some former Progress directors disagreed.
Read more about this topic: Duke Energy
Famous quotes containing the word criticism:
“The visual is sorely undervalued in modern scholarship. Art history has attained only a fraction of the conceptual sophistication of literary criticism.... Drunk with self-love, criticism has hugely overestimated the centrality of language to western culture. It has failed to see the electrifying sign language of images.”
—Camille Paglia (b. 1947)
“The critic lives at second hand. He writes about. The poem, the novel, or the play must be given to him; criticism exists by the grace of other men’s genius. By virtue of style, criticism can itself become literature. But usually this occurs only when the writer is acting as critic of his own work or as outrider to his own poetics, when the criticism of Coleridge is work in progress or that of T.S. Eliot propaganda.”
—George Steiner (b. 1929)
“It is ... pathetic to observe the complete lack of imagination on the part of certain employers and men and women of the upper-income levels, equally devoid of experience, equally glib with their criticism ... directed against workers, labor leaders, and other villains and personal devils who are the objects of their dart-throwing. Who doesn’t know the wealthy woman who fulminates against the “idle” workers who just won’t get out and hunt jobs?”
—Mary Barnett Gilson (1877–?)