Chevron CEO has cut in some compensation
San Ramon-based Chevron has decided to trim certain executive pay awards related to stock-based compensation and bonuses after a string of mishaps, including an oil spill.
The reductions in certain compensation categories involved CEO John Watson and other key offices of the energy giant.
"Despite the company's strong overall performance, we had some operating incidents during the year," the Chevron board of directors said in a prepared released sent to this newspaper. "These incidents were reflected in Mr. Watson's and other senior executives' compensation."
The board stated that it made the decisions because it takes its responsibilities seriously.
California personal income growth slows
California's per-capita personal income continued to rise during 2012 -- but the rate of growth has slowed, a report released Wednesday by the Bureau of Economic Analysis shows
Statewide per-capita personal income averaged $44,980 in 2012. The United States average was $42,693.
In 2012, per-capital personal income rose 3.1 percent in California, compared with an increase of 4.2 percent in 2012.
U.S. personal income rose 2.7 percent in 2012, compared with 4.5 percent in 2011.
Sungevity raises more than $1M for partners
Oakland-based Sungevity has raised over $1 million for its nonprofit partners through its Sungevity.org partner initiative.
Through the program, more than 100 nonprofit organizations have partnered with Sungevity to offer their members a simple and tangible way to fight climate change and save money by adopting solar power as the primary electricity source for their homes.
Sungevity provides referral bonuses for each nonprofit member who goes solar through the program, which has helped these organizations gain a new funding stream.
Sierra Club, The Wilderness Society, National Wildlife Federation and National Parks Conservation Association are among the groups that are in the program.