Gunpowder Chronicle posted on October 19, 2008 1:54 PM | Rating:

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Mayonaise Shattuck is going to waive his $18 million severance package under the deal to sell Constellation Energy to Mid-American Energy Holdings. Of course, let's not forget that he is still slated to receive $10.9 million in "owed incentive payments". And if he is terminated within two years -- which is likely, since you rarely keep around the failed leadership -- he'll be eligible for another $11.3 million in bonuses and a pension upgrade.
All this for a man who drove his company into the ground through profligate incompetence and nearly brought the nation's oldest public utility (BGE) to its knees.
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