Until end of 2005, Steve Baum was CEO of Sempra Energy in San Diego, and Gordon Smith was president of PG&E. I want to know what their retirement packages amount to and include.
1. "Chief Executive Stephen L. Baum should get nearly $2 million a year for life in retirement, according to Sempra's public filings."
Source:
L.A. Times, January 29, 2006
Executives' Pensions Are the Deal of a Lifetime
By Kathy M. Kristof, Times Staff Writer
2. "In a regulatory filing Thursday, PG&E said Smith would receive a severance package worth $2.8 million -- a doubling of his base salary of $810,000 and annual performance bonus."
Source:
The San Francisco Chronicle, SEPTEMBER 23, 2005
Change of power at PG&E
By David Lazarus
3. "Smith, 57, who was the CEO of Pacific Gas and Electric for the past eight years and served with the company for 35 years, will leave in December. He will receive a lump-sum severance payment of $2.8 million, PG&E said in a regulatory filing."
Source:
The San Francisco Chronicle, SEPTEMBER 23, 2005
PG&E shuffles top executives; utility CEO out, Consumer groups, analysts welcome personnel changes
By Carolyn Said, Chronicle Staff Writer