Deals
Energy Future Utility CEO’s Pay Triple That of Parent CEO
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The chief executive officer of Energy Future Holdings Corp.’s Oncor utility received $20 million last year, nearly three times the compensation paid to parent company CEO John Young.
Pay to Robert Shapard, chairman and CEO of the Oncor Electric Delivery Co. unit, rose eightfold from $2.4 million in 2011 after the utility’s board made an early payment of awards from an equity incentive program. Shapard received $18.5 million of the $64 million paid to Oncor directors and executives from the November payout, according to a filing today.