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Cheniere CEO Could Lose $133 Million Amid Investor Suit

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Bloomberg
June 9, 2014

Cheniere Energy Inc. (NYSE: LNG) CEO Charif Souki, the highest paid executive in the U.S., stands to lose 89% of his 2013 compensation if a shareholder lawsuit against his company succeeds, according to Bloomberg June 9.

The natural gas export company, which has never generated an annual profit, granted Souki 6.3 million stock units valued at $133 million in 2013. An investor alleged, in a lawsuit filed May 29 in Delaware, that a February 2013 vote allocating 25 million shares into a bonus pool, including 6 million awarded to Souki ...


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