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Gavin Newsom: “We also have the clawback in that, which I remind people of…”

Featuring: Gavin Newsom, Democratic | Governor of California

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California Governor Gavin Newsom | Bloomberg Newsmaker Event

Published | Video Starts at 18:57

That was the framework and the rubric to which we created a statutory requirement as exampled in my comments a moment ago around executive compensation being tied to safety. We also have the clawback in that, which I remind people of a receivership where the state can actually assert control statutorily. in that law that I passed and we organized to take back control if they're not performing. So you're saying no because accountability does exist. (18:57–19:08)

CLAIM

Asserts that California has statutory authority to take control of PG&E if it underperforms.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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