Cheniere won’t ask for billions in stock awards


Posted on July 1, 2014 at 4:44 pm by Collin Eaton

From FuelFix.com

HOUSTON – Facing a shareholder lawsuit over “excessive” executive paydays, Cheniere Energy told a Delaware court it won’t ask investors to approve $2.2 billion in stock awards to its top brass.

In after-hours trading, news of the change, first reported by the Wall Street Journal, briefly erased stock market gains Cheniere had made Tuesday when it announced it had finished selling 20 years’ worth of liquefied natural gas supplies from its first two gas-cooling units at its proposed Corpus Christi facility.


Upcoming Events & Seminars

More Events »

Whipp Tips & News

The Remarkable Rise Of ESG

The idea that investors who integrate corporate environmental, social and governance risks can improve returns is now rapidly spreading across capital markets on all continents.

Details »

Behind Manulife's historic $600 million green bond issue

first for an insurer in domestic market

Details »

Meet Triodos, the ethical investment firm trying to fund a better world

Investors are tired of questionable practices where executives at underperforming businesses are paid huge bonuses, and of companies making staggering amounts of money at a huge cost to the planet.

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association