4 ms·
Employee bonuses are dividends.
by uxp 7y ago
Employee 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.