John Wilder insists electricity deregulation is working for Texans. And it has been — for Wilder and his company.
Wilder was chairman and CEO of TXU, Texas’ largest electric utility, until a buyout was consummated last month. He walks away from the company with at least $277 million in stock.
Assuming he worked 60 hours a week, that means Wilder made $11,200 an hour during his three years and seven months at the company. And that doesn’t count his $1.25 million annual salary, or the millions in performance bonuses Wilder got.
In other words, Wilder made more before lunch than most families make all year.
