U.S. judge defers hearing on PG&E $350 mln bonus plan

A U.S. bankruptcy judge on Tuesday deferred a ruling on whether to approve or reject a motion by PG&E Corp to pay up to $350 million in bonuses to 10,000 employees after the power producer said the plan excluded senior executives and would help it fight devastating wildfires. The plan covers 2019 and takes the place of a previously proposed 2018 bonus program for some 14,000 employees that PG&E scuttled after criticism from wildfire victims and their lawyers. The U.S. Trustee, the government's bankruptcy watchdog, had also objected to the new plan, saying it did not make clear insiders are excluded and expressing concern about its cost.

from Yahoo News - Latest News & Headlines https://yhoo.it/2G5LAcE
via Yahoo News