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Monday, January 10, 2011

Dynegy CEO to get $15.4M if let go in buyout, (NYSE: DYN)

Dynegy Inc (DYN.N) Chief Executive Bruce Williamson would walk away with $15.4 million if he was let go due to the takeover of the power producer by Carl Icahn, according to a Dynegy filing on Monday. Likewise, Chief Financial Officer Holli Nichols would get $6.5 million if she faced "involuntary termination" on April 1 due to the change of control, while three other top executives would each receive just over $5 million, the filing said. No discussions had yet taken place between the would-be buyer and the executives about their future with the company under new ownership, the filing added.

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