Bill Johnson didn't become the CEO of the merged Duke-Progress Energy - as originally planned -...

|About: Duke Energy Corporation (DUK)|By:, SA News Editor

Bill Johnson didn't become the CEO of the merged Duke-Progress Energy - as originally planned - after the board decided at the last minute that he wasn't right for the job, the WSJ reports, although it was clear to some for a while that the arrangement wouldn't work. "Different personalities, different cultures," a source says.