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Author	Topic: Chesapeake CEO McClendon steps down after year of tumult	Post a Reply Back to Topics

StanleyCup All-Star Author Chicago Posts:715 Points:546,750 Joined:Mar 2011	Message Posted: Jan 30, 2013 1:07:04 AM Ignore StanleyCup Report Abuse Chesapeake Energy Corp said on Tuesday that Aubrey McClendon will step down as chief executive after a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer. News of the executive's plan to depart on April 1 boosted the company's shares by 9 percent. The stock has made a partial recovery since losing almost half its value last spring after a Reuters report opened the company and its co-founder up to intense scrutiny. Federal regulators and Chesapeake's board are both looking into whether McClendon, 53, blurred the line between his personal dealings and those of the company, and into possible antitrust violations. ....McClendon played a key role in promoting the hydraulic fracturing technology.... Visit Reuters for full article

StanleyCup

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Chicago

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Message Posted: Jan 30, 2013 1:07:04 AM

Ignore StanleyCup Report Abuse

Chesapeake Energy Corp said on Tuesday that Aubrey McClendon will step down as chief executive after a tumultuous year in which a series of Reuters investigations triggered civil and criminal probes of the second-largest U.S. natural gas producer.
News of the executive's plan to depart on April 1 boosted the company's shares by 9 percent. The stock has made a partial recovery since losing almost half its value last spring after a Reuters report opened the company and its co-founder up to intense scrutiny.
Federal regulators and Chesapeake's board are both looking into whether McClendon, 53, blurred the line between his personal dealings and those of the company, and into possible antitrust violations.

....McClendon played a key role in promoting the hydraulic fracturing technology....
Visit Reuters for full article

REPLIES (newest first)Ignore Short Messages

investmentdr Champion Author Cleveland Posts:4,122 Points:1,479,935 Joined:Sep 2008	Message Posted: Jan 30, 2013 11:16:27 AM Ignore investmentdr Report Abuse now maybe there'll be some focus in the chk front office
investmentdr Champion Author Cleveland Posts:4,122 Points:1,479,935 Joined:Sep 2008	Message Posted: Jan 30, 2013 11:15:41 AM Ignore investmentdr Report Abuse maybe not a crook, but definately a crackpot; good riddence
eschroth442 Champion Author Cleveland Posts:1,191 Points:357,515 Joined:Nov 2011	Message Posted: Jan 30, 2013 9:05:15 AM Ignore eschroth442 Report Abuse now they should prosecute this crook!!!
wrunner Champion Author Virginia Posts:4,582 Points:1,164,060 Joined:Dec 2009	Message Posted: Jan 30, 2013 7:13:56 AM Ignore wrunner Report Abuse Yes, get rid of the problem and get back to business.
SUPERSTEVIEO Champion Author Quebec Posts:3,523 Points:787,115 Joined:Oct 2010	Message Posted: Jan 30, 2013 5:32:42 AM Ignore SUPERSTEVIEO Report Abuse wonder how much of compensation package he will get when he leaves??
farmboyTN Champion Author Tennessee Posts:2,367 Points:472,580 Joined:Feb 2012	Message Posted: Jan 30, 2013 5:31:18 AM Ignore farmboyTN Report Abuse Maybe this situation will improve
pscamp Champion Author Ottawa Posts:3,524 Points:500,135 Joined:May 2011	Message Posted: Jan 30, 2013 5:05:07 AM Ignore pscamp Report Abuse Whatever
yardslave Champion Author Oklahoma City Posts:2,692 Points:624,280 Joined:Dec 2005	Message Posted: Jan 30, 2013 5:00:57 AM Ignore yardslave Report Abuse Good riddance ...
jrs4125 Champion Author Indiana Posts:2,893 Points:618,470 Joined:Sep 2011	Message Posted: Jan 30, 2013 3:26:31 AM Ignore jrs4125 Report Abuse This type of story is becoming too common place.
Amplion Champion Author Oregon Posts:6,921 Points:1,892,760 Joined:Sep 2005	Message Posted: Jan 30, 2013 3:11:45 AM Ignore Amplion Report Abuse N.G. IS UNSAFE !!!!!
MN1 Champion Author Twin Cities Posts:3,494 Points:677,915 Joined:Jun 2011	Message Posted: Jan 30, 2013 2:11:18 AM Ignore MN1 Report Abuse Jail time.
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Jan 30, 2013 1:58:35 AM Ignore kgbellman Report Abuse Hmmm, weird - I'm not sure I've heard of corruption in the energy industry.
singlemom27 Champion Author Ventura Posts:3,248 Points:666,910 Joined:Apr 2011	Message Posted: Jan 30, 2013 1:53:53 AM Ignore singlemom27 Report Abuse These people make big bucks at our expense; they need to be bound by the basic rules of decency.
VikingWoman Champion Author Washington Posts:1,445 Points:278,555 Joined:May 2012	Message Posted: Jan 30, 2013 1:50:52 AM Ignore VikingWoman Report Abuse Oh the tangled web...
KrsnaDragon Champion Author Montreal Posts:2,547 Points:558,250 Joined:Nov 2011	Message Posted: Jan 30, 2013 1:45:06 AM Ignore KrsnaDragon Report Abuse Corporate greed exposed.
kd5kpd Champion Author Texas Posts:3,872 Points:1,443,450 Joined:Apr 2006	Message Posted: Jan 30, 2013 1:41:11 AM Ignore kd5kpd Report Abuse Too bad but I'll bet he gets millions in compensation.
lunarrv15 Champion Author Cincinnati Posts:15,063 Points:2,410,085 Joined:Dec 2005	Message Posted: Jan 30, 2013 1:40:07 AM Ignore lunarrv15 Report Abuse okay..interesting thanks for posting on Gb blog
madison8359 Champion Author Cleveland Posts:9,321 Points:1,620,225 Joined:Apr 2008	Message Posted: Jan 30, 2013 1:38:54 AM Ignore madison8359 Report Abuse What a shame his major problem was getting caught unlike most of the rest of his BO brothers.
Kawibiker Champion Author Illinois Posts:1,221 Points:215,465 Joined:May 2012	Message Posted: Jan 30, 2013 1:38:17 AM Ignore Kawibiker Report Abuse yep
Thomtec Champion Author Nashville Posts:2,600 Points:635,395 Joined:May 2011	Message Posted: Jan 30, 2013 1:38:15 AM Ignore Thomtec Report Abuse Too bad
gass12 Champion Author Omaha Posts:8,528 Points:2,331,395 Joined:Oct 2005	Message Posted: Jan 30, 2013 1:33:37 AM Ignore gass12 Report Abuse Tough break.
Vette1967 Champion Author Albany Posts:6,107 Points:1,303,700 Joined:Jun 2009	Message Posted: Jan 30, 2013 1:31:21 AM Ignore Vette1967 Report Abuse He will be well compensated.
N4PIP Champion Author Miami Posts:1,010 Points:445,055 Joined:Jan 2012	Message Posted: Jan 30, 2013 1:31:07 AM Ignore N4PIP Report Abuse McClendon is entitled to use of the corporate jets for years after he is gone? How does THAT work?
DirtDauber Champion Author San Antonio Posts:6,922 Points:1,655,160 Joined:Nov 2005	Message Posted: Jan 30, 2013 1:29:15 AM Ignore DirtDauber Report Abuse Are there any ethics left?
No1ConMan Champion Author Memphis Posts:1,155 Points:241,890 Joined:Sep 2005	Message Posted: Jan 30, 2013 1:27:33 AM Ignore No1ConMan Report Abuse Typical. Sorry to be so negative but it happens.
Pmgr All-Star Author San Antonio Posts:557 Points:151,315 Joined:Jan 2013	Message Posted: Jan 30, 2013 1:27:20 AM Ignore Pmgr Report Abuse nuts
TXryder Champion Author Texas Posts:2,854 Points:460,510 Joined:Jan 2012	Message Posted: Jan 30, 2013 1:27:18 AM Ignore TXryder Report Abuse old news
SparkieMi Champion Author Kalamazoo Posts:3,397 Points:615,110 Joined:Sep 2011	Message Posted: Jan 30, 2013 1:27:03 AM Ignore SparkieMi Report Abuse Why is it that when a CEO is relieved of their position for messing up they are very well rewarded???? They must have a black book.....
furiousfowl Champion Author Riverside Posts:16,975 Points:2,770,735 Joined:May 2005	Message Posted: Jan 30, 2013 1:25:20 AM Ignore furiousfowl Report Abuse crazy
ClassicWheeler All-Star Author Montgomery Posts:785 Points:335,375 Joined:Apr 2012	Message Posted: Jan 30, 2013 1:25:01 AM Ignore ClassicWheeler Report Abuse Won't get any better. Someone else will come in and do the same. What's new about that.
jorod55 Champion Author California Posts:1,612 Points:458,450 Joined:Dec 2011	Message Posted: Jan 30, 2013 1:24:22 AM Ignore jorod55 Report Abuse And so it goes. Desperate people do desperate things.
musicreporter All-Star Author San Antonio Posts:715 Points:158,485 Joined:Dec 2012	Message Posted: Jan 30, 2013 1:22:10 AM Ignore musicreporter Report Abuse too bad
bra0712 Champion Author Arizona Posts:3,790 Points:794,825 Joined:Nov 2008	Message Posted: Jan 30, 2013 1:21:48 AM Ignore bra0712 Report Abuse K
rd2000 Champion Author Florida Posts:3,712 Points:714,695 Joined:Jul 2007	Message Posted: Jan 30, 2013 1:19:08 AM Ignore rd2000 Report Abuse we will lose and he will win
snky2k Champion Author Indianapolis Posts:1,523 Points:329,840 Joined:Mar 2012	Message Posted: Jan 30, 2013 1:16:55 AM Ignore snky2k Report Abuse No fracking around drinking water supplies.
grouch311 Champion Author Peoria Posts:6,386 Points:1,597,115 Joined:Jun 2007	Message Posted: Jan 30, 2013 1:16:53 AM Ignore grouch311 Report Abuse and he'll get a HUGE paycheck to ease the pain of leaving