In the months after FirstEnergy reaped the fruits of what prosecutors say was a bribery scheme, CEO Chuck Jones moved to sell $10 million in company shares to buy a home in Florida, an email shown at his bribery trial shows.
In early April of 2020, Jones wrote to his financial adviser that he informed the company’s board of directors that he planned to liquidate some of the company shares he received as compensation. He planned to sell 200,000 shares when the stock price hit $50.
That would have left his remaining holdings in the company just under $30 million, he wrote…