Duke's Credibility Gap
Now is not the time to jump into Duke Energy (DUK). While some of Duke's issues have been flushed out, the utility company's future is uncertain.
Last year, Duke's management dug itself a deep hole. Senior executives and loyal members of the board of directors led the company in a bizarre direction and damaged the company's reputation with state regulators, consumers, shareholders, employees and the public. As a result, state regulators reminded Duke's management who controls the purse strings and demanded Duke change key executives, including CEO James Rogers, and specific members of the board. The regulators did not stop there. They insisted on economic penalties and insisted Duke make additional investments in community development projects....507 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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