Mary Powell announced recently she will resign as CEO of Green Mountain Power by the end of this year. “Special retirement benefit:” $2.1 million. She’ll also receive $89,000 annual pension, and 401k retirement plan to which GMP contributed $14,800 to last year.
“Most of her compensation isn’t guaranteed; it’s considered to be at risk,” [spokesperson Kristen] Kelly said. “It’s tied to specific results that she has to deliver for customers. And if those results don’t come in, she doesn’t get that pay.”
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