Texas billionaire Toby Neugebauer is having a stretch of bad luck, and so is anyone who has invested in his companies.
When he was CEO of Fermi America, a startup promising to build a nuclear-powered mega-datacenter near Amarillo, Neugebauer said he “would auction off my two boys” before selling the company’s natural gas generators, a scarce commodity these days.
A few weeks later, after the board of directors fired him, Neugebauer called on “the Fermi board to conduct an immediate process, led by an independent investment bank, for the sale of the company.”…