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Reason #64
Old 10-09-2007, 07:18 PM   #1
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Reason #64

Retire early because the future is uncertain:

Progress Energy CEO McGehee Dies :: WRAL.com

As I get closer I'm starting to notice these items more....

290 weeks and a wake-up (for all you Military)
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Old 10-09-2007, 07:25 PM   #2
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Retire early because the future is uncertain:
Progress Energy CEO McGehee Dies :: WRAL.com
Wow, only 64, did he "die doing what he loved"?
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Old 10-09-2007, 07:30 PM   #3
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Wow, only 64, did he "die doing what he loved"?
Only if he loved working.
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Old 10-09-2007, 10:19 PM   #4
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Great way to go.

Is there any way to assure the first stroke will be the last one?
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Old 10-10-2007, 08:41 AM   #5
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Great way to go.

Is there any way to assure the first stroke will be the last one?
We talkin' sex, or cerebral hemorrhage?
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Old 10-10-2007, 09:00 AM   #6
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Seems like a decent guy. Surpisingly for a CEO, he lives in a relatively modest (only 4800 sf) house, valued well under a million bucks in a normal residential area.

His House
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Old 10-10-2007, 04:21 PM   #7
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Nords: Did you know this guy? Pretty sad.

"McGehee graduated from the Naval Academy in 1966 and served as a nuclear engineer aboard a ballistic missile submarine."
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Old 10-10-2007, 04:43 PM   #8
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and he planned to retire next spring. Stories like this one are WAAAAAAAYYYYYY too common. He was in London on business, planning to meet with investors...stress of travel...of business...had a stroke during his walk and never regained consciousness.

Sad for his family.
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Old 10-10-2007, 05:19 PM   #9
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True, sad for his family.... but some of the FIREd people forget that being a CEO can be very different than someone in the trenches... he might actually have been enjoying his job..

I know some EVPs at mega that can do whatever they want.. work when they want, and play when they want.. but do not stay retired long as the 'slow pace' is just not suited for them..

To each their own...
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Old 10-11-2007, 11:06 AM   #10
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Nords: Did you know this guy? Pretty sad.
"McGehee graduated from the Naval Academy in 1966 and served as a nuclear engineer aboard a ballistic missile submarine."
Thanks, STR (and for the PM too), I missed this one.

Didn't know him (I graduated in 1982) but one of my classmates is a McGehee and might be related.

I read Gene O'Kelly's "Chasing Daylight", about his death from brain cancer while CEO of KPMG. It's an interesting insight into the hypercompetitive personality of guys who feel that they have to maximize their potential and their achievements. Judging from some of the USNA grads I've seen in their 70s & 80s, I'm pretty sure that McGehee was another one who'd never retire.
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