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Author Topic: Chesapeake CEO McClendon steps down after year of tumult Back to Topics
StanleyCup

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Chicago

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

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) Post a Reply
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investmentdr
Champion Author Cleveland

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Message Posted: Jan 30, 2013 11:16:27 AM

now maybe there'll be some focus in the chk front office
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investmentdr
Champion Author Cleveland

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Message Posted: Jan 30, 2013 11:15:41 AM

maybe not a crook, but definately a crackpot; good riddence
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eschroth442
Champion Author Cleveland

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Message Posted: Jan 30, 2013 9:05:15 AM

now they should prosecute this crook!!!
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wrunner
Champion Author Virginia

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Message Posted: Jan 30, 2013 7:13:56 AM

Yes, get rid of the problem and get back to business.
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SUPERSTEVIEO
Champion Author Quebec

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Message Posted: Jan 30, 2013 5:32:42 AM

wonder how much of compensation package he will get when he leaves??
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farmboyTN
Champion Author Tennessee

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Message Posted: Jan 30, 2013 5:31:18 AM

Maybe this situation will improve
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pscamp
Champion Author Ottawa

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Message Posted: Jan 30, 2013 5:05:07 AM

Whatever
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yardslave
Champion Author Oklahoma City

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Message Posted: Jan 30, 2013 5:00:57 AM

Good riddance ...
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jrs4125
Champion Author Indiana

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Message Posted: Jan 30, 2013 3:26:31 AM

This type of story is becoming too common place.
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Amplion
Champion Author Oregon

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Message Posted: Jan 30, 2013 3:11:45 AM

N.G. IS UNSAFE !!!!!
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MN1
Champion Author Twin Cities

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Message Posted: Jan 30, 2013 2:11:18 AM

Jail time.
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kgbellman
Champion Author Ann Arbor

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Message Posted: Jan 30, 2013 1:58:35 AM

Hmmm, weird - I'm not sure I've heard of corruption in the energy industry.
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singlemom27
Champion Author Ventura

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Message Posted: Jan 30, 2013 1:53:53 AM

These people make big bucks at our expense; they need to be bound by the basic rules of decency.
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VikingWoman
Champion Author Washington

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Message Posted: Jan 30, 2013 1:50:52 AM

Oh the tangled web...
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KrsnaDragon
Champion Author Montreal

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Message Posted: Jan 30, 2013 1:45:06 AM

Corporate greed exposed.
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kd5kpd
Champion Author Texas

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Message Posted: Jan 30, 2013 1:41:11 AM

Too bad but I'll bet he gets millions in compensation.
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lunarrv15
Champion Author Cincinnati

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Message Posted: Jan 30, 2013 1:40:07 AM

okay..interesting
thanks for posting on Gb blog
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madison8359
Champion Author Cleveland

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Message Posted: Jan 30, 2013 1:38:54 AM

What a shame his major problem was getting caught unlike most of the rest of his BO brothers.
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Kawibiker
Champion Author Illinois

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Message Posted: Jan 30, 2013 1:38:17 AM

yep
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Thomtec
Champion Author Nashville

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Message Posted: Jan 30, 2013 1:38:15 AM

Too bad
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gass12
Champion Author Omaha

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Message Posted: Jan 30, 2013 1:33:37 AM

Tough break.
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Vette1967
Champion Author Albany

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Message Posted: Jan 30, 2013 1:31:21 AM

He will be well compensated.
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N4PIP
Champion Author Miami

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Message Posted: Jan 30, 2013 1:31:07 AM

McClendon is entitled to use of the corporate jets for years after he is gone? How does THAT work?
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DirtDauber
Champion Author San Antonio

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Message Posted: Jan 30, 2013 1:29:15 AM

Are there any ethics left?
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No1ConMan
Champion Author Memphis

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Message Posted: Jan 30, 2013 1:27:33 AM

Typical. Sorry to be so negative but it happens.
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Pmgr
All-Star Author San Antonio

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Message Posted: Jan 30, 2013 1:27:20 AM

nuts
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TXryder
Champion Author Texas

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Message Posted: Jan 30, 2013 1:27:18 AM

old news
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SparkieMi
Champion Author Kalamazoo

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Message Posted: Jan 30, 2013 1:27:03 AM

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.....
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furiousfowl
Champion Author Riverside

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Message Posted: Jan 30, 2013 1:25:20 AM

crazy
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ClassicWheeler
Champion Author Montgomery

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Message Posted: Jan 30, 2013 1:25:01 AM

Won't get any better. Someone else will come in and do the same. What's new about that.
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jorod55
Champion Author California

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Message Posted: Jan 30, 2013 1:24:22 AM

And so it goes.
Desperate people do desperate things.
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musicreporter
All-Star Author San Antonio

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Message Posted: Jan 30, 2013 1:22:10 AM

too bad
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bra0712
Champion Author Arizona

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Message Posted: Jan 30, 2013 1:21:48 AM

K
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rd2000
Champion Author Florida

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Message Posted: Jan 30, 2013 1:19:08 AM

we will lose and he will win
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snky2k
Champion Author Indianapolis

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Message Posted: Jan 30, 2013 1:16:55 AM

No fracking around drinking water supplies.
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grouch311
Champion Author Peoria

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Message Posted: Jan 30, 2013 1:16:53 AM

and he'll get a HUGE paycheck to ease the pain of leaving
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