PG&E wants to spend $130 million on employee bonuses. Could it be any more tone deaf?
Awful timing, PG&E.
In a move that seems calculated to further enrage customers, the giant utility is asking a bankruptcy judge for permission to spend more than $130 million on bonuses and other employee perks earned in 2018 — even as victims of the Camp Fire struggle to find basic shelter.
As justification, PG&E says its 24,000 employees are the “lifeblood” of its business; without them “operations would come to a halt.”
That’s true, but the same applies to just about every other company in existence — whether it installs rain gutters, builds cars or supplies energy.
The fact that employees are important doesn’t justify paying out millions in bonuses — not when PG&E says it filed Chapter 11 bankruptcy because it can’t afford to compensate victims of wildfires linked to its electrical equipment.
Read more here: https://www.fresnobee.com/opinion/article225522275.html
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