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Unbelievable Johnson
#1
What is the deal with this guy? TVA was paying Bill Johnson millions annually. more than eight million dollars last year, and, he got a bonus of $12.8 million upon leaving TVA for a new job at California's PG&E, who is giving him three million dollars on his first day of work. What?!

https://www.kqed.org/news/11740701/pges-...ion-a-year

Excerpt:

"PG&E says its incoming CEO will receive an annual base salary of $2.5 million plus stock awards worth at least $3.5 million a year, according to a filing with the U.S. Securities and Exchange Commission.

Bill Johnson, former head of the Tennessee Valley Authority, has committed to a three-year contract as PG&E's next CEO and will also receive a one-time $3 million "transition payment" on his first day of work, May 1 -- a payment the company can take back if Johnson resigns or is terminated within one year of his start date.

PG&E pegs Johnson's stock compensation at $3.5 million a year based on a target PG&E share price set in late March and early April. Johnson would get part of the stock award each year simply for remaining in the CEO's job."
Pia
just pm me if needed.
 
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