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But that article doesn't say anything about dividends? It mentions profits a few times but gives no details about that aspect of the story. Instead the only spe
by voxic11 7y ago
But that article doesn't say anything about dividends? It mentions profits a few times but gives no details about that aspect of the story. Instead the only specific examples of spending that it gives are employee bonuses.
- uxp 7y agoEmployee bonuses are dividends.
- allannienhuis 7y agoin what world? The two words have completely different meanings.
- uxp 7y agoIn PG&E's world in context of this comment thread. Dividends are any payout amount that was not captured in the regulatory framework. Salary is a captured expense. Bonuses are paid from a pool when a surplus is created, or rather a profit is made, or more bluntly when dividends are earned. Legally, you're correct. PG&E has been operating counter to those rules for a while. http://investor.pgecorp.com/news-events/press-releases/press-release-details/2017/PGE-Announces-Suspension-of-Dividend-Citing-Uncertainty-Related-to-Causes-and-Potential-Liabilities-Associated-with-Northern-California-Wildfires/default.aspx http://investor.pgecorp.com/news-events/press-releases/press... https://www.kqed.org/news/11737336/judge-pge-paid-out-stock-dividends-instead-of-trimming-trees https://www.kqed.org/news/11737336/judge-pge-paid-out-stock-...
- joe_the_user 7y agoMore specifically, the bonuses were to higher management, not to line workers.
- shortandsweet 7y agoBeing cheap is how this problem started. You want to get more cheap?
- joe_the_user 7y agoYou have to know the context. The bonuses weren't to the PG&E workers that maintained the lines. The bonuses were to the higher managers who made the "clever" cost-cutting decisions.