CEO of Bankrupt Utility PG&E Earned $18.5 Million in 2019

  • Bill Johnson helped steer power giant through turbulent year
  • Compensation includes bonus, stock and option grants
Bill JohnsonPhotographer: David Paul Morris/Bloomberg
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The chief executive officer of bankrupt PG&E Corp. earned $18.5 million in total compensation last year as the utility giant labored to emerge from Chapter 11.

Bill Johnson, who joined the company in May, received $1.7 million in base salary, plus a $3 million bonus, $2.3 million in stock awards, $11.1 million in options and more than $400,000 in other compensation, according to a PG&E filing with the U.S. Securities and Exchange Commission Tuesday.