United States' Highest-Paid CEO Works for Company That's Never Turned a Profit

Your News Companion by Ben Mathis-Lilley
Aug. 21 2014 4:28 PM

United States' Highest-Paid CEO Works for Company That's Never Turned a Profit

screen_shot_20140821_at_4.27.26_pm
Souki.

Bloomberg

Here's something fun I saw on Bloomberg TV (whose Market Makers is truly the morning show of champions and/or people who are really interested in the bond market) Thursday morning: The highest-paid CEO in the United States, Charif Souki, works for a company that has never turned a profit.

Souki made $142 million last year, $50 million more than the second-place earner, and since 2002 has worked for a company called Cheniere Energy that according to this article is 50 times smaller than ExxonMobil. What gives? Cheniere, apparently, is expected to be an industry leader in the process of taking hydraulically fracked natural gas and liquefying it for export, and its stock is up 1,800% since 2008. The company has nonetheless faced a shareholder lawsuit over compensation issues and has said it will "reassess" its policies in that department.

Advertisement

Correction, August 21, 2014: This post originally misspelled ExxonMobil.

Ben Mathis-Lilley edits the Slatest. Follow @Slatest on Twitter.

TODAY IN SLATE

Medical Examiner

Here’s Where We Stand With Ebola

Even experienced international disaster responders are shocked at how bad it’s gotten.

It’s Legal for Obama to Bomb Syria Because He Says It Is

Divestment Is Fine but Mostly Symbolic. There’s a Better Way for Universities to Fight Climate Change.

I Stand With Emma Watson on Women’s Rights

Even though I know I’m going to get flak for it.

It Is Very Stupid to Compare Hope Solo to Ray Rice

Building a Better Workplace

In Defense of HR

Startups and small businesses shouldn’t skip over a human resources department.

Why Are Lighter-Skinned Latinos and Asians More Likely to Vote Republican?

How Ted Cruz and Scott Brown Misunderstand What It Means to Be an American Citizen

  News & Politics
Politics
Sept. 23 2014 12:43 PM Occupy Wall Street How can Hillary Clinton be both a limousine liberal and a Saul Alinsky radical?
  Business
Moneybox
Sept. 23 2014 12:36 PM Krispy Kreme Stuffed Half a Million Calories Into One Box of Doughnuts
  Life
The Eye
Sept. 23 2014 11:33 AM High-Concept Stuff Designed to Remind People That They Don’t Need Stuff  
  Double X
The XX Factor
Sept. 23 2014 11:13 AM Why Is This Mother in Prison for Helping Her Daughter Get an Abortion?
  Slate Plus
Slate Plus
Sept. 22 2014 1:52 PM Tell Us What You Think About Slate Plus Help us improve our new membership program.
  Arts
Brow Beat
Sept. 23 2014 11:48 AM Punky Brewster, the Feminist Punk Icon Who Wasn’t
  Technology
Future Tense
Sept. 23 2014 10:51 AM Is Apple Picking a Fight With the U.S. Government? Not exactly.
  Health & Science
Bad Astronomy
Sept. 23 2014 11:00 AM Google Exec: Climate Change Deniers Are “Just Literally Lying”
  Sports
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.