31 Mar '16, 3pm

Porter Ranch CEO got a $3 million bonus after a massive natural gas leak

Most of us aren’t rewarded for causing major health, environmental, and public relations disasters on the job. But most of us aren’t the CEOs of fossil fuel companies. The Los Angles Times reports that Debra L. Reed, chairman and CEO of Sempra Energy, the parent company of the natural gas producer responsible for the enormous natural gas leak at Porter Ranch received a $3.17 million bonus in 2015, bringing her total compensation for the year to $16.1 million. But before you start moaning about the one percent and executive compensation, take heart: Before Reed received her bonus, her salary was cut by a whooping $130,000, or less than one percent or her total pay, because of the disaster. Poor thing. At its peak, the Porter Ranch leak released 60 tons of natural gas per hour , and residents of the Los Angeles neighborhood reported headaches, nausea, and severe nosebleeds, ...

Full article: http://grist.org/article/porter-ranch-ceo-got-a-3-million...

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