PG&E’s top bosses receive hefty pay hikes
In 2017,
Williams took over as
However, about five months after Williams -- touted as an expert in electricity operations -- took the reins as CEO, numerous wildfires roared through Wine Country and nearby areas. The blazes killed 44, destroyed an estimated 8,900 structures and caused at least
One key focus of the fire investigations: the role, if any, that
Investigators have yet to determine the cause of any of the blazes. But the potential that
"The CEO's direct compensation more than doubled in a year that was a safety disaster for the thousands of
Since
In the
"Payout is based on total shareholder return relative to 14 peer companies selected by the compensation committee and achievement of safety and financial goals,"
Much of Williams' 2017 pay package was underpinned by a big increase in awards of stock options.
Williams received nearly
The regulatory filing also detailed windfalls grabbed by several executives due to sale of previously awarded stock packages.
Other windfalls from the sale of stock options: Williams,
"Any company worried enough about potential wildfire liability to take the drastic step of suspending dividends should be suspending salary increases to its executives, if not suspending their entire salaries," said
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