Carl Icahn’s Cheniere CEO Buys 37,604 Shares of Stock

Jack Fusco

Jack Fusco

After firing Cheniere Energy’s CEO and co-founder last December, Charif Souki, corporate raider Carl Icahn then installed his own puppet to run the LNG exporting company (see Carl Icahn Installs New Puppet as CEO of Cheniere Energy). The man Carl hired is Jack Fusco. Apparently Jack is confident in himself and in the future of Cheniere. After all, people like Icahn buy just enough stock to control the company, then they fire a bunch of people and sell off assets in a bid to raise the stock price so they can sell and exit with gobs of money in their pockets. That’s what evil corporate raiders do. Back to Jack. Fusco is reported to have snapped up $1.5 million worth of Cheniere’s stock a few days ago. Which makes us wonder–what does Jack know that we don’t?…

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