PG&E, or Pacific Gas & Electric Company, is a public utility company that provides electricity and natural gas to millions of customers in California. They has been a topic of controversy for many years due to its poor service to customers, lack of infrastructure upkeep, ever-increasing prices of electricity, and monopolistic tendencies. In this blog post, we will be taking a closer look at the total compensation of PG&E’s CEO Patricia K. Poppe and questioning whether it is truly justified.
According to recent reports, Patricia K. Poppe received a total compensation of $51.2 million in 2021. This includes her base salary of $1 million, bonuses, stock options, and other benefits. This amount is significantly higher than the average salary of a CEO in the utility industry, which is around $4 million.
Many critics have argued that this high compensation for the PG&E CEO is unjustified, especially considering the company’s track record with customer service, equipment negligence, and high cost. In recent years, PG&E has faced multiple lawsuits and fines due to its negligence in maintaining its infrastructure, resulting in wildfires and power outages that have left customers without electricity for days, weeks, months, or without a home at all.
Furthermore, the cost of PG&E’s electricity has been steadily increasing over the years, with some customers seeing their bills double or even triple. This has caused significant financial strain on many households, especially low-income families.
So why is Patricia K. Poppe receiving such a high compensation when the company’s service to customers has been continuously poor and the cost of electricity continues to rise? Some may argue that her leadership and decisions have led to improvements in the company’s operations. However, many critics believe that this compensation is excessive and unjustified.
In addition, it raises questions about how much PG&E spends on marketing and whether their priorities lie more in promoting their brand (and protecting their shareholders) rather than providing quality service to customers. This can be seen as a reflection of the corporate culture at PG&E, where profit and image are prioritized over the well-being of their customers.
As a consumer, it’s important to hold companies accountable for their actions and decisions. This begs the question: why are you not investing in yourself and your family and going solar? Solve your PG&E problem and learn more about solar today.