Jim Hightower's Radio Lowdown

Public Safety Down, CEO Pay Up. Corporations Play “Rig the System”


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To see how the game of “Rig the System” is played, consider the shameful corporate gaming of the horror of California wildfires that have been devouring lives and entire communities.

Many of the worst fires have been ignited by the faulty wires, transformers, and other poorly functioning equipment of such profiteering electric utilities as Southern California Edison. The safety failures of this multibillion-dollar giant have been so awful that state lawmakers and regulators have rushed out fire-protection laws – not for the people, but for the corporate owners! A 2019 law literally protects utilities from paying for fire damages they cause, instead passing the costs to state taxpayers.

Wait, says Edison, if our annual safety record is poor, our top executives are punished with a cut in their annual bonuses. Ouch! Well, not really – the reduction is capped at 5 percent.

Take last year’s fire that destroyed nearly every home and building in the town of Altadena, killing 19 people. “It’s just a tragedy,” lamented Edison’s CEO, though he admits it was sparked by an Edison transmission line. Sure enough, the chief “suffered” a 5-percent bonus hickey. Hold your pity, though, for that means he still collected 95 percent of his 2025 performance bonus, plus pocketing his extravagant salary, stock options, and benefits. In all, the man-in-charge of this corporate-made “tragedy” walked away with nearly $14 million in personal pay.

Meanwhile, Edison went to the Public Utility Commission, demanding that its customers be forced to pay 10 percent more on their electric bills. To keep score on utilities rigging the system, go to TURN, The Utility Reform Network: turn.org.

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