Elon Musk may be a billionaire, but last year his total compensation was just over $35,000.
The nearly $49 million in bonuses include $20 million paid by the state to American Bridge/Fluor Enterprises for completing the job on time.
A California legislator is launching another official inquiry on Monday regarding the opening the Bay Bridge’s eastern span. This time, the focus is on the bonuses received by contractors for finishing their projects on time or early.
It looks like San Jose retirees will not be getting a bonus check this year from the city’s pension program after the city council voted to block those payments.
The Washington Times reports that bankrupt Fremont-based solar panel maker Solyndra hopes to give its executives thousands of dollars in bonuses.
San Jose’s mayor wants to block bonus payments to thousands of city retirees because of the pension system’s projected $2 billion shortfall.