Opinion | Brian McGrory

I’ll take Tom, and hold the Mayo

Times like this, it’s best to be direct: I owe NStar chief executive officer Tom May a sincere apology.

I owe an apology because I spent a barrel of ink last fall highlighting his $7.9 million annual compensation package. I reported that he’ll get millions in stock if and when a proposed merger with Northeast Utilities goes through and that he is entitled to another $10.2 million in severance, which probably won’t be necessary because he has guaranteed himself the chief executive’s job of a combined company.

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