PG&E CEO rakes in over 190 times the typical employee salary

https://www.ewg.org/news-insights/news-release/2022/10/ratepayers-struggle-pay-pge-energy-bills-ceo-rakes-over-190

by metadat • 4 years ago

25 10 4 years ago

ewg.org

allears• 4 years ago

This is supposedly a public utility, not a profit-oriented corporation. Right? Right?

nhchris• 4 years ago

Of course. Freed from the requirement to turn a profit, they can redirect revenue to executive salaries.

mc32• 4 years ago

Just like many of the non-profits who claim they are there to help the disadvantaged but act more like a cash cow for upper management and of course fight tooth and nail against any reform that would seek a different solution that incidentally de-emphasizes them.

ksherlock• 4 years ago

PG&E ($PCG) is a for-profit corporation and part of the S&P 500.

"Most of Poppe’s compensation came from $41.2 million in stock awards, a $6.6 million bonus and an annual salary of $1.3 million"

FateOfNations2• 4 years ago

That stock award is one big wildfire away from being worthless...

ulkhf• 4 years ago

Employee compensation is an expense, not revenue or profit.

fsckboy• 4 years ago

you have a misconception about what a public utility is, they are not govt run or "socialist enterprises", they are normal profit oriented corporations that shareholders buy shares in and expect a profit from. They are in industries which are regulated with regard to pricing, etc. because those industries are considered to create natural monopolies.

FateOfNations2• 4 years ago

Whenever I see headlines like this, I always want to know how the CEO's compensation compares with that of CEOs at similar organizations. Is there a problem that is unique here? Or are we just talking about the economy wide executive vs worker pay ratio...

PG&E CEO rakes in over 190 times the typical employee salary

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