Aljazeera America has a mind-blowing profile of one of America’s top paid CEOs, Charif Souki of Cheniere Energy. Souki “earned” $142 million in 2013. Not bad for the leader of a company that has never turned a profit. His company is building a natural gas processing facility in Louisiana that is projected to be a big money maker. Investors must agree because the company’s stock has doubled. Aljazeera America points out that the industry is very risky. That doesn’t seem to matter to the people paying Souki or those investing in his company. Profitable companies lay off workers to keep their share price up. Some people win, and some people lose. Charif Souki is a winner, and that says a lot about what’s wrong with the U.S. economy and its politics.
Posted: April 29, 2014