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Backlash brews from surprise coup in Duke Energy-Progress Energy merger
Jul 6th 2012, 22:15

Robert TrigauxTampa Bay Times ADVERTISEMENT ADVERTISEMENT Story Tools Print this story Purchase reprints Contact the editor Email Newsletters Lies, deceit, outrage, greed, money and abuse of power. That's no summer movie plot but the blockbuster backlash from the Machiavellian maneuvers that damaged Monday's acquisition of Progress Energy by Duke Energy to form the nation's biggest power company. Who could believe such a long anticipated and laboriously vetted merger of two Fortune 500 companies could degrade so rapidly into angry finger pointing over claims of executive coups and boardroom deceptions, threats of credit agency downgrades and probes by upset regulators?...

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