Utility cancels $130 million in worker performance bonuses

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Northern California utility Pacific Gas & Electric says it won't award $130 million in employee bonuses because of its recent bankruptcy filing.

 

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Why not issue the employee bonuses in form of stock options with a 5 year deferral on sale or trade.

What the he'll are they doing even thinking about bonuses if they can afford to operate ? The head guy should be canned !

KrisKetzKMBC

Companies in bankruptcy shouldn’t have money for bonuses. Just stupid. 🙄

At first I was like “what the...” then I saw California and realized that’s how they roll in that libtard state

How much did the board of directors get paid❓❓🤷🏼‍♂️🤷🏼‍♂️💰💰💰💰💰

So much winning

Hahahaaaa. Why do people even live there anymore?

Bad!

I see you read the Art of the Deal!PGE bankruptcy

Workers should switch to solar industry jobs

Ya THINK!

Well, ya!

And we should listen to anything from California because....

PG&E are pure evil.

Something tells me the CEO will be handsomely rewarded

Boy California is on a roll. Everyone who works for that company should not return to work. Go find another job. Worthless company. If that is the one I have read about they failed to maintain areas that handle power relays or something and it caused the fires.

Lol

🤮🤢🤬 WTF” HOW CAN THIS HOLD-UP” IN COURT ... just can’t be LAWFUL OR LEGAL ~ RIGHT⁉️💩⚖️

Is it really a headline that a bankrupt company isn't paying bonuses? Sadly, yes.

Love for-profit utilities...

Call Cousin Eddie

For the greed of money and lavish life, girls are accusing innocents. Need to stop it immediately. RiseInFakeRapeCases NarayanSai

This is the result of communist and leftist filth ruining California red-tape fascist government.

QuancyClayborne They are supposed to be responsible for the Paradise fire in California ..this way they dont have to pay for starting the fire that destroyed the whole town.

I bet they paid the execs their bonuses before they filed bankruptcy

Golden parachutes will be deployed.

. . . Good. . .? Right? This is how things should work... And yet we applaud it? When we make news out of stuff that is exactly how it should be. What a fucking time to be alive.

California seems to be really getting screwed from every direction. Might be getting close to imploding on itself.

QuancyClayborne PG&E are slime balls, literally in most instances.

Rothschild-owned monopoly utility company in the richest part of the country is “going bankrupt “?!?!

But the CEO et al will get 💰

California...

Maybe they should stop burning down towns.

Why is this even news?

California knows how to party.

I bet the CEO gets a raise

Bet the executives get their full pay and benes though.

What about executive bonuses?

If they wanted an executive bonus they should have worked for Toys R Us.

Bet they cancel the employee bonuses just to funnel it to the execs instead

This should be a no-brainer. But alas...

Thanks, GOPTaxScam & realDonaldTrump!😒😒😒

California is a hot mess!

Nc PG&E were never going to give any money to any employee that doesn't sit around a big wooden table when the earnings report is released. Stop falling for the psuedo-Capitalist shell game.

I bet the CEO will get his, though.

Sad news, I was hoping that their stock would decline, I would invest and then they make a comeback. Instead they seem like they are really saying 'blank' their employees. Sad.

. What do PG&E’s “investors” get? Everything?

That’s par for crooked corporate America!

Hmm I'm sure execs got theirs

Executive team as well?

Good

Bet the top still gets theirs...

Lol

DER!!

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PG&E cancels $130 million in worker performance bonusesNorthern California utility Pacific Gas & Electric said it won’t award $130 million in employee bonuses because of its recent bankruptcy filing, a newspaper reported Saturday. What a bonus... Good,,,,,,,,,,,,,,,,,,power outages,,,,,,,Should not qualify for Bonus's More DNC BS hurts taxpayers
Source: latimes - 🏆 11. / 82 Read more »

Wildfire Victims Protest PG&E Bid to Pay Employee BonusesLawyers for victims of several California wildfires are asking a bankruptcy judge to reject Pacific Gas & Electric Co.’s request to pay $130 million in bonuses to employees, saying they don’t deserve to be awarded for good performance. $PCG 18.75 LONG It’s a utility. It provides services. Get over it.
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PG&E cancels $130 million in worker performance bonusesNorthern California utility Pacific Gas & Electric said it won’t award $130 million in employee bonuses because of its recent bankruptcy filing, a newspaper reported Saturday. What a bonus... Good,,,,,,,,,,,,,,,,,,power outages,,,,,,,Should not qualify for Bonus's More DNC BS hurts taxpayers
Source: latimes - 🏆 11. / 82 Read more »