Avoid Cheniere Energy As Executive Shuffle Causes Uncertainty
- Cheniere Energy votes to replace the founding the CEO after Carl Icahn upped his stake last week.
- The exact same scenario played out on another Icahn position that hasn't rewarded shareholders.
- The recommendation is for investors to pay attention to the industry problems and not the executive shuffle.
Over the weekend, Cheniere Energy (NYSEMKT:LNG) replaced founding CEO and Chairman Charif Souki. The move follows the path of another Carl Icahn position that hasn't worked out very well this year.
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