Top Trending: 22 Habits of Successful Leaders

One of the Nation's Top-Paid CEOs Leads an Unprofitable, Largely Unknown Company

  • ---Shares
Reader Resource

Apply now to be an Entrepreneur 360™ company. Let us tell the world your success story. Get Started »

Robert Iger, Marissa Mayer, Leslie Moonves -- all are distinguished leaders with multimillion-dollar salaries to boot. But documents recently filed with the U.S. Securities and Exchange Commission reveal that one of the highest-paid chief executives in the nation leads a little-known company that has never even turned a profit.

That CEO, Charif Souki, heads up Cheniere Energy, a Houston-based company aiming to be the first to capitalize on the fracking boom by liquefying and exporting shale gases, reports Al Jazeera.

At the helm of this effort, Souki took home $142 million in 2013 -- dwarfing the executive pay grades of far larger energy companies, including Exxon’s Rex Tillerson ($28 million) and Chevron’s John Watson ($24 million.)

As the majority of Souki’s pay is the result of stock options, the towering figure illuminates just how enticed Wall Street is with the idea that the United States could one day become a major exporter of natural gases to the developing world, Al Jazeera reports.

Cheniere’s stock price more than doubled in 2013, according to The Wall Street Journal, and today boasts a stock-market value of $12.48 billion -- all despite having lost money every year since its founding in 1996.

Related: Why Mark Zuckerberg's $1 Salary Means Nothing

Edition: May 2017

Get the Magazine

Limited-Time Offer: 1 Year Print + Digital Edition and 2 Gifts only $9.99
Subscribe Now
OK

This website uses cookies to allow us to see how our website and related online services are being used. By continuing to use this website, you consent to our cookie collection. More information about how we collect cookies is found here.