William Kavanaugh III is best known as the CEO of Carolina Power & Light (CP&L), which later became Progress Energy.
During his tenure at CP&L and later at Progress Energy, Kavanaugh opposed deregulation of the energy industry because he did not see how the move would make energy companies more profitable and beneficial to customers.
Kavanaugh left Progress Energy in 2004 and has since held positions in energy industry groups such as the World Association of Nuclear Plant Operators.
The Katie Couric clause was a slang term used to describe a proposed Securities and Exchange Commission rule regarding disclosure of executive compensation and compensation of other elected employees.
Billionaire Warren Buffett (who lives and works in Omaha, Nebraska) is known as the Oracle of Omaha, a nickname he earned as one of the world’s most successful and watched investors.
Robber baron is a term often used in the 19th century during America’s Golden Age to describe successful industrialists whose business practices were often considered ruthless or unethical.
The 90/10 retirement investment strategy involves investing 90% of investment capital in low-cost S&P 500 index funds, and the remaining 10% in short-term government bonds.
The chi-square statistic (χ2) is a measure of the difference between the observed and expected frequencies of the outcomes of a set of events or variables.
The chief operating officer (COO) is the senior officer tasked with overseeing the day-to-day administrative and operational functions of the business.