PG&E’s prime boss captured a complete pay package deal in 2021 that topped $50 million at a time when the embattled utility stays underneath scrutiny for a decade of disasters linked to catastrophic wildfires and explosions.
Patricia Poppe, chief govt officer with PG&E, harvested $51.2 million in complete direct compensation throughout 2021, based on paperwork filed on Thursday with the Securities and Trade Fee.
By comparability, the common wage for chief govt officers of the businesses that make up the S&P 500 Index was $15.5 million in 2020, based on a survey by Government Paywatch, a union-crafted web site.
Poppe’s $51.2 million complete pay package deal was enriched primarily by $41.2 million in awards of inventory, the annual SEC submitting reveals.
Marlene Santos, PG&E’s chief buyer officer, harvested $7.5 million in complete pay, a compensation package deal that included $5.1 million in inventory awards.
Adam Wright, chief working officer with Pacific Fuel and Electrical Co., the utility unit of PG&E, was awarded $6.5 million in complete pay, which included $4.2 million in inventory awards.
“In 2021, we launched our management of PG&E with a shared imaginative and prescient and a standard purpose: to provide the best outcomes for our prospects, communities, and stakeholders; and to make sure that our fuel and electrical system operates safely for everybody,” Poppe and PG&E board chair Robert Flexon mentioned in a gap assertion for the annual proxy submitting that they collectively signed.