The disgraced former CEO of NRG Energy recently took a job with the Biden administration managing billions of taxpayer dollars for green energy initiatives, after reportedly driving the company into the ground.
David Crane suddenly resigned in December of 2015 after several failed investments destroyed the company’s stock value, according to the Daily Caller.
NRG made several hefty investments into green energy in 2009, totaling around $1 billion. Over time, as it became clear the investments were not going to pan out, the company’s shares dropped from $27 to $11.
Crane resigned in December 2015 and shares rebounded by 63% in the following six months.Crane recently moved into the public sector as the Department of Energy’s undersecretary for infrastructure, where he passed out hundreds of millions in taxpayer funds to finance hydrogen energy, carbon capture and other green energy tech.Energy […]
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