He’s getting $277 million in stock, not cash.
Which, since you changed the title, added your own interjections, and didn’t bother to read it, is about to be all but worthless if you look at the ratings, is probably going to be redeemable for one candy bar.
Coal fired candybar
TXU in after hours trading is at $69.24/sh.
One hell of alot of candy bars