Bankruptcy
Jul. 19, 2019
US trustee files objection to PG&E incentive plan for executives
Trustee Andrew R. Vara claims PG&E hasn’t sufficiently proved how it’s measuring executives’ performances to warrant massive financial bonuses.
A U.S. trustee has filed an objection to a motion to approve a multimillion dollar employee incentive plan filed by Pacific Gas and Electric Corp. in bankruptcy court.
Acting trustee Andrew R. Vara's objection, filed Wednesday through his counsel, attempts to block approval of PG&E's key employee incentive plan, known as KEIP. The plan could award up to $16.3 million in bonuses to PG&E's senior staff members, including th...
To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!
Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)
Already a subscriber?
Sign In