Bankruptcy Law News

Former PG&E CEO Won’t Be Walking Away Totally Empty-Handed (1)

Jan. 14, 2019, 4:05 PM

While PG&E Corp.’s former Chief Executive Officer Geisha Williams stands to take a hit along with other shareholders in the company’s upcoming bankruptcy, she’s at least leaving her post with something: She’ll get a severance that may amount to a few million in cash.

For leading the California utility giant through a turbulent two years that may soon force it into bankruptcy court, PG&E is planning to award her a perhaps less-than-golden parachute that could range from $2.36 million to $4.46 million, depending on how her departure is categorized, according to the firm’s most recent proxy statement.

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