Pacific Gas & Electric wants permission to pay $235M in bonuses

[zugor]

Originally Posted by PullMyFinger

So the PG & E Execs wined and dined the crooked California lawmakers in Hawaii while the wild fires that they caused raged, while people were dying and losing everything...only to come to the conclusion that PG & E was not at fault (LOL).

They declared bankruptcy anyway. Now they want to pay their failed execs their bonuses.

http://www.pressdemocrat.com/busines...-wants-to-give

Only in places like California and Venezuela could this happen.

That is just what happened in 2008 on Wall St. Those most responsible for the crash got huge bonuses rather than indictments and and serious prison time.

[Mathguy]

PG&E's stock has recovered after dropping from >40 down to almost $7 and is now up near $20.

Must be some "word" about how the state is looking to reform things giving hope that the shareholders will keep some of their value.

[thecoalman]

Originally Posted by Mathguy

Let's face it, you have the state that holds most of the direct power in this situation.

You have the voters that hold the ability to backlash against the state.

Not quite yet, the feds are asserting concurrent jurisdiction over the contracts. That's being litigated.

[JimRom]

Originally Posted by randomparent

It’s not that simple, Jim, and you know as well as I do that Florida has exactly the same problem.

Yes, it is that simple. Even the American Indians that were here before Europeans knew America existed understood that controlled burning was necessary for a healthy forest. It wasn't until the "environmentalist" craze that it suddenly became taboo.

And yes, Florida has some of the same problems - although for slightly different reasons. The draining and damming of the Everglades was possibly the worst idea in history, as far as land management goes.