Did the Duke Energy CEO Get a Raise?
No — pay was essentially flat. Lynn Good's total compensation was essentially unchanged at $8.0M in 2010, from $8.0M in 2009, per Duke Energy's SEC DEF 14A filings.
This page answers a common executive-compensation question: Did the Duke Energy CEO Get a Raise?. The answer draws on SEC DEF 14A proxy statements, the public disclosure mechanism for U.S. public-company executive pay. Every public company must file an annual proxy statement disclosing CEO and named-executive-officer compensation in detail. Why this matters for shareholders: executive compensation is the single most-disclosed governance metric at U.S. public companies, and the Dodd-Frank-mandated say-on-pay vote gives shareholders an explicit channel to express approval or dissent. Reading pay data well — including pay-versus-performance, peer-group selection, and time-vesting structures — is a basic part of stock-by-stock fundamental analysis.
The detailed answer below uses the actual proxy-statement filings, explains how to read them, and translates the executive-compensation accounting into the shareholder-relevant interpretation.
Lynn Good Pay: 2009 → 2010
- 2010 total comp
- $8,000,000
- 2009 total comp
- $8,000,000
- Change ($)
- +$0
- Change (%)
- +0%
Source: Duke Energy SEC DEF 14A proxy statements, 2009 and 2010 Summary Compensation Tables.
In its latest proxy statement, Duke Energy reported Lynn Good's 2010 total compensation at $8,000,000 — essentially flat versus $8,000,000 in 2009.
Across the disclosed history, Lynn Good's total pay has run: 2008, $8.0M; 2009, $8.0M; 2010, $8.0M. CEO compensation is lumpy year to year because equity grants — the largest component — are often awarded in multi-year blocks rather than evenly, so a single year's jump or drop can reflect grant timing as much as a change in pay philosophy.
Whether a raise is warranted ties back to performance: Duke Energy posted a 25.8% three-year total shareholder return on 17.3% revenue growth, and the package carries a CEOPay Pay-for-Performance grade of A (83/100).
Compensation Detail
| Component | Amount |
|---|---|
| Total Compensation | $8,000,000 |
| Base Salary | $800,000 |
| Stock Awards | $4,000,000 |
| Option Awards | $960,000 |
| Non-Equity Incentive | $1,200,000 |
| CEO-to-Worker Pay Ratio | 84:1 |
| Pay-Performance Grade | A |
Other Electric Utilities CEOs
Frequently Asked Questions
No — pay was essentially flat. Lynn Good's total compensation was essentially unchanged at $8.0M in 2010, from $8.0M in 2009, per Duke Energy's SEC DEF 14A filings.
Lynn Good, CEO of Duke Energy, earned $8.0M in total compensation in 2010, including $4.0M in stock awards and $800,000 in base salary.
In 2010, total compensation of $8,000,000 was composed of $800,000 base salary, $0 cash bonus, $4,000,000 stock awards, $960,000 option awards, and $1,200,000 in non-equity incentive compensation.
Our Pay-for-Performance Score rates Duke Energy as A (83/100), based on three-year total shareholder return of 25.8%, revenue growth of 17.3%, and shareholder say-on-pay vote approval.
Lynn Good is the chief executive officer of Duke Energy (DUK).
More about Duke Energy
No — pay was essentially flat. Lynn Good's total compensation was essentially unchanged at $8.0M in 2010, from $8.0M in 2009, per Duke Energy's SEC DEF 14A filings.
Source: SEC EDGAR DEF 14A proxy statements, 2026.