Ex-Cheniere CEO Souki Shrugs Off Icahn Criticism of Stock Sales
- After Cheniere Energy ousts CEO, Icahn criticizes stock sales
- Ex-Cheniere chief cut holdings after leading U.S pay ranking
Charif Souki, chairman and chief executive officer of Cheniere Energy Inc., speaks during the 2015 IHS CERAWeek conference in Houston, Texas.
Photographer: Aaron M. Sprecher/BloombergThis article is for subscribers only.
Charif Souki, freshly ousted as Cheniere Energy Inc.’s chief executive officer, shrugged off activist investor Carl Icahn’s accusation that he spent his final years at the company dumping $216 million of stock while taking outsized risks.
In a statement Monday praising the board’s “guts” for seeking a new leader, Icahn took a parting shot at the deposed CEO. It is “telling that Mr. Souki sold a great deal of his stock, which made it somewhat easier for him to ‘swing for the fences,’” Icahn wrote. It was “a win-win for Mr. Souki, but not necessarily for the shareholders.”