PG&E, the troubled California utility company, is planning to scrap $130 million in bonuses owed to thousands of employees. The move comes after protests from victims of several California wildfires. Chalk this up to those who really were up in arms: the victims of the wildfires. The company is filing bankruptcy, and any available funds should be going to the victims
“We know that wildfires have created tremendous hardships and stress in the communities we serve in the last few years,” a PG&E spokesman said in an email on Friday. “PG&E’s senior management team and the company’s board of directors have made the decision not to pay out the company’s 2018 at-risk short-term incentive program.”
The Journal on Friday wrote about the victims’ objections to the bonuses.
The company will notify the bankruptcy court of the change soon, the spokesman said.