Market Chatter: Edison Executives to Lose $2 Million in Bonuses Due to Eaton Fire

MT Newswires Live02-19

Edison International (EIX) senior executives, along with senior executives at its subsidiary Southern California Edison, will lose an estimated $2 million in bonuses due to the Eaton fire near Los Angeles last year, The New York Times reported Wednesday.

Approximately half of the bonus reductions will come from the pay of Edison International Chief Executive Pedro Pizarro, the report said. Pizarro told the media outlet that he supported the pay cuts.

Edison said in a business update Wednesday that its equipment "could have been associated" with the ignition of the fire.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 70.88, Change: +1.24, Percent Change: +1.77

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