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.


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