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Par for the course for a company that “illegally diverted over $100 million from a fund used for safety operations, and instead used it for executive compensati
by bleriot 8y ago
Par for the course for a company that “illegally diverted over $100 million from a fund used for safety operations, and instead used it for executive compensation and bonuses” according to the state.
- toomuchtodo 8y agoAny chance California is going to claw that money back and execs face criminal charges?
- lisper 8y agoI'll give long odds against.
- gamblor956 8y agoSmall chance for the former, but essentially no chance for the latter.
- Ar-Curunir 8y agoThis is a neoliberal capitalist country we're talking about. There's no chance of either happening.
- masonic 8y agoback?. The party just gave them a huge bailout bill last session.
- masonic 8y agoDownvoters: see https://www.mercurynews.com/2018/09/21/brown-signs-bill-allowing-utilities-to-pass-costs-of-wildfire-lawsuits-onto-consumers/ https://www.mercurynews.com/2018/09/21/brown-signs-bill-allo...
- masonic 8y agoSpecifically, see https://www.mercurynews.com/2018/09/21/brown-signs-bill-allowing-utilities-to-pass-costs-of-wildfire-lawsuits-onto-consumers/ https://www.mercurynews.com/2018/09/21/brown-signs-bill-allo...
- dragonwriter 8y agoEven if they would have tried to before, the bankruptcy would make that essentially impossible; any action the State would make would just be another bankruptcy claim, competing against other creditors, mostly wildfire victims, reducing the proportion of any claims that are actually paid out.