Bonuses are something that’s easy to get outraged by, but look like an infinitesimal fraction of the business numbers. A judge approved a $235M bonus structure across 10,000 employees[1], while the wildfire liabilities are at least $18B [2], their 4-year infrastructure investment plan is $28B [3], and their top-line annual revenue is $17B. How many competent execs are going to want any part of that shitshow? $235M doesn’t sound like enough…
Dividends was listed before bonuses. It is clear that the primary role of the bonuses is to generate outrage at them giving themselves bonuses for such bad performance.
Dividends have been very substantial, and evidently outcompeted maintenance. The lawsuits will collect more data in discovery.
Make no mistake, the outage and the threat are attempts at coercion, trying to force California to indemnify them, for free, against their own very deliberate negligence.
If PGE does not want to be a public utility anymore, California should confiscate their assets and turn them over to someone who does.
Dividends have been very substantial, and evidently outcompeted maintenance. The lawsuits will collect more data in discovery.
Make no mistake, the outage and the threat are attempts at coercion, trying to force California to indemnify them, for free, against their own very deliberate negligence.
If PGE does not want to be a public utility anymore, California should confiscate their assets and turn them over to someone who does.