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Edison Is Slashing Top Executive Bonuses After Deadly LA Fire
Edison International is reducing top executive bonuses by 40% following the deadly Eaton Fire in January 2025 that killed 19 people and destroyed over 10,000 structures in the Los Angeles area. CEO Pedro Pizarro and other senior executives will see their bonuses cut, and the company is also improving its wildfire compensation program to offer stronger support for displaced renters and better cover legal fees. This decision comes as the company faces lawsuits and awaits a state report on how wildfire mitigation costs should be distributed in California.