>>4948294 lb
>I find it disgusting, if indeed, RBG is in a medical induced coma, keeping her alive for political purposes.
Which begs the question: Are the family members on board, or are they livid having to watch her endure suffering/agony as the end justifies the means???
What does the family think and feel about keeping her alive? How are they going to keep her alive until 2020 as per 'Lindsey' assertion?
Despite the fact that they are filing bankruptcy…..they are also giving raises.
https://www.nbcbayarea.com/news/local/PGE-Board-Gives-Executive-Hefty-Pay-Raise-504914862.html
PG&E Board of Directors Gives Executive $75K Pay Raise
Jesus Soto, who was hired two years after the 2010 San Bruno gas line disaster, will have his $500,000 dollar salary increased to $575,000.
>>4948030 LB
PG&E To File Bankruptcy Within Hours; Joins Lehman And WorldCom In Tragic Trifecta
Confirming earlier reports that distressed California utility PG&E had rejected a proposal by some of the world's most prominent investors that would keep it out of bankruptcy, moments ago Bloomberg reported that the board of the embattled utility which is facing $30 billion in wildfire liabilities, voted late Monday to file for bankruptcy protection as soon as midnight.
In pursuing a Chapter 11 bankruptcy filing, PG&E is declining a proposal by an investing group led by Paul Singer’s Elliott Management that would’ve been backed by $4 billion in bonds and given the company enough cash to stay avoid bankruptcy while working through its liabilities. A second group of investors including Ken Griffin’s Citadel and Leon Black’s Apollo who had pitched a rival plan, were also rebuffed.
By rejecting the last minute rescue bids, PG&E - which was rated investment grade as recently as a few weeks ago by both S&P and Moody's- is set to file one of the biggest U.S. utility bankruptcies of all time, with over $30 billion in debt about to be in default. The company which serves 16 million customers, said a Chapter 11 filing is the only way it can handle the crippling costs of 2017 and 2018 wildfires that its equipment has been blamed for igniting. Since November, when California was hit by the deadliest fire in its history, the company has seen its shares plunge by 75 percent and its credit rating cut to junk.
By going from investment grade to bankruptcy within one year, PG&E will be what BofA recently dubbed not a "fallen angel" but a "failing angel", representing a singular event: when it files for bankruptcy some time in the next 12 hours, PG&E will become the third largest IG default since 1999, behind Lehman and Worldcom, with $17.5bn of index eligible debt.
https://www.zerohedge.com/news/2019-01-28/pge-file-bankruptcy-within-hours-joins-lehman-and-worldcom-tragic-ranking
Forgot to post this too
Despite its threatened bankruptcy, Pacific Gas and Electric Company’s board of directors just gave a top gas executive a hefty pay raise, according to federal regulatory records , even though that executive was recently called in to account for allegations the company filed thousands of false records. Jesus Soto, who was hired two years after the 2010 San Bruno gas line disaster, will have his $500,000 dollar salary increased to $575,000 under action taken Friday by the company’s board of directors. Soto serves as senior vice president over gas operations. Nurse Arrested in Rape of Incapacitated Woman Who Gave Birth The move to bolster his salary comes amid turmoil at the company, which already defaulted on some of the settlements it has reached with past fire victims. The company’s CEO, Geisha Williams, resigned earlier this month. Teacher Sexually Assaulted Student in Classroom: SJPD Last year, Nick Stavropoulos, a gas executive recruited after San Bruno who later became president of the company, retired — not long after being called in to answer for tens of thousands of falsified records in the company’s 811 mark and locate program. Soto was also ordered to testify before regulators about that program, records show. SJ Grandmother Fatally Shot at Home, Suspect On the Loose Regulators say company managers exerted pressure on workers to file reports stating they had responded to “mark and locate” inspections of buried gas lines within the two-day deadline set by state law. The company has said it had made unspecified management changes in the troubled program, which is still under investigation by the state Public Utilities Commission. A federal judge in charge of PG&E’s criminal probation, in the case arising out of the San Bruno gas explosion, has cited the company’s history of falsified records as he calls for it to re-inspect its electrical system in advance of the start of the fire season in June. “PG&E again has their priorities misplaced,” said a stunned State Sen. Jerry Hill, a frequent critic of the company. “They are running away from fire victims with bankruptcy but rewarding their top managers for falsification of records. Something’s wrong here, something’s really wrong here.” PG&E issued a statement explaining the $75,000 pay raise for Soto. It reads: PG&E sets executive compensation to be comparable with similar companies in the industry. Executive compensation generally comprises base pay and incentive compensation. Historically, we have not requested customers to pay for any incentive compensation for any officers. These costs are all funded by PG&E shareholders. Beginning in 2019, shareholders are also funding all officers’ base pay compensation. As Senior Vice President, Gas Operations, Mr. Soto has an increasingly important role overseeing safety, compliance and risk for gas operations, as well as cybersecurity, physical security and supply chain for the entire company. PG&E has said it intends to file for bankruptcy by Jan. 29. Photo Credit: Justin Sullivan/Getty Images
https://californiadolphin.com/news/628702/pg-e-board-of-directors-gives-executive-75k-pay-raise
Spaces hold a place…Placeholder?