“The highest-paid 10 percent of Southern California Edison employees earned at least $418.8 million in combined total compensation during 2011, and charged at least $11.8 million to their expense accounts, according to a report the public utility filed with the state.
SCE’s most recent annual report showed 19 executives and other SCE employees received more than $1 million in total compensation during 2011, and at least 130 others received $300,000 or more in total compensation. The 2,094 employees who earned at least $125,000 (but less than $250,000) in base salary racked up a combined $10.5 million in business expenses.
Four of the employees charged more than $100,000 to their business expense accounts, with the top-spender, identified only as “Manager 3,” charging $192,402, according to the report. The median expense total for the 2,094 employees was $3,358.” – Morgan Cook, Orange Country Register
Every incentive in the world for management and ownership of public utility monopolies to not change the paradigm of their lucrative compensation methods of doing business.
If Christ was sold out for thirty pieces of silver, is shaking the tree of Sempra Energy, Southern California Edison, or any other public utility, really an option?
Peter Terezakis
ITP
Tisch School of the Arts
http://www.terezakis.com
You must be logged in to post a comment.