The January 2025 Eaton Fire in the Los Angeles area killed 19 people and damaged or destroyed more than 10,000 structures. Following the fire, Edison International cut executive bonuses to acknowledge the impact on the community, as Bloomberg reported.
Edison International reduced bonuses for CEO Pedro Pizarro and the CEO and COO of Southern California Edison by 40%. Other senior executives who were in their roles during the fire had their bonuses reduced by 20%, according to Bloomberg. Pizarro said he agreed with the compensation adjustment.
“While the bonus action was not a reflection on company performance or on the executives’ performance, it felt like the right balance in terms of showing our understanding that this has been a difficult period for a community,” Pizarro told Bloomberg…