Tokyo, Wall Street Journal, California discussed on WSJ What's News

WSJ What's News
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Have you taken out all these loans from the company. Historically there are a lot of questions. A lot of things people hadn't really seen before especially in terms of corporate corporate governance things and the founders relationship with his company and at the same time we work is preparing for roadshow leading up to its i._p._o. And that is a fluid fluid situation but what can you tell us about what we know. Now what we know is that it's very fluid it could start as soon as next week or they could keep on talking to investors astor's. There's a sense that maybe if they had a little more time educating investors about the business that could go in october and they could get a better reception on the other hand. Some people just say let's just go now. It's when can get better another option. They were adam newman flu tokyo last week we understand and met with one of the his biggest investors softbank and they discussed whether software would come in and put a lot of money into the i._p._o. Or more weather softbank might actually give them money in which they would have and then they would wait to go public until next year. That's wall street journal reporter maureen pharrell joining me in our studio in new york. Thank you so much more in thanks for having me and we have a deep dive on we work on our podcast the journal you can listen to wednesday's episode unsubscribe wherever you get your podcasts now a story about p._g. And e. the utility responsible for causing deadly wildfires in california on wall street journal investigation instigation found the utility at times misled regulators withheld data and hindered investigations for more on the investigation. Our charlie turner spoke with reporter rebecca smith rebecca p._g. And e. the giant california utility is in bankruptcy court doodle liabilities from its role and accidentally causing forest fires. It's also under federal probation. Following felony convictions tied to a deadly gas pipeline explosion in san bruno california but this seems to be really just the tip of the iceberg it for p._g._a. You report that for more than twenty five years. The company has run afoul of regulators in the courts. Is there anything about p._g. That stands out about it's illegal or unethical. Pickle activity or is it. Just the fact that it's misconduct seem so widespread well. I think the main thing is that the misconduct is widespread and that it appears to have gone on for a very a long period of time. I think this is one of the things that's puzzling public officials now who are trying to figure out what to do with the company might mean. It's one thing if the company says well yeah we have problems and we'll fix them and it fixes them but the problem with p._g._a. Is that in many instances. It promises to do things that it never does. I mean one of the things we've seen a longstanding problem with is inspecting different kinds of inspections of its system and this is obviously extremely family important for safety but sometimes it has people do these inspections who aren't qualified to do them at other times. It's records are not reliable and may even have been falsified so this is it all boils down to a big problem of trust for the public and for public officials talk talk about the falsifying of records at p._g.

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