charles
FirstEnergy asks its fired former CEO to return the $56 million it paid him
After FirstEnergy Corp. admitted in court to bribing state officials, it sent word to its former CEO about his salary. The company wanted its money back. All $56 million. In November 2021, the compensation committee of the company’s board made a “recoupment demand” to former CEO Charles Jones for $56 million, according to a quarterly […]
Judge rejects bid to settle FirstEnergy bribery suit with shareholders elsewhere
A federal judge in Akron has refused to dismiss a lawsuit between FirstEnergy Corp. — which has admitted that it bribed two top Ohio politicians with $64 million — and some of its shareholders. U.S. District Judge John R. Adams denied a motion Tuesday, filed jointly by the company and its investors, asking him to […]
FirstEnergy’s CEO and SVP ordered $64 million bribery scheme, shareholders say
FirstEnergy’s CEO and senior vice president “devised and orchestrated” a $64 million bribery scheme to pay a top legislative leader and utility regulator in exchange for official action, according to a sworn declaration Wednesday from shareholders’ lawyers who are suing the company. While CEO Charles “Chuck” Jones and senior vice president for external affairs Michael […]