PG&E Former CEO To Collect Millions In Cash While Utility Files For Bankruptcy

With the second bankruptcy of PG&E looming and shareholders and bondholders both staring at massive losses...

... while some 16 million California residents are about to pay sharply higher utility prices, not every is suffering: as Bloombergreports, the utility's former CEO Geisha Williams, who abruptly left the sinking ship just hours before notifying the company's workers it would file for bankruptcy within weeks, is set to walk away with millions in cash.

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