[credit provider=”The Lost Ogle” url=”http://www.thelostogle.com/wp-content/uploads/2012/03/kateuptonaubreymcclendon.jpg”] The SEC has upgraded its inquiry of Chesapeake Energy’s alleged failure to reveal conflict of interest to a full-blow investigation and has subpoenaed the company for information, according to a 10-K filed today.Outgoing chief Aubrey McClendon is also providing information, the filing said.
[credit provider=”Foundation OKCPS” url=”http://www.youtube.com/watch?v=As33mjmhNbs”] Aubrey McClendon will no longer be running Chesapeake Energy Corpcome April 1. But he is likely to remain deeply entangled with the company he founded 24 years ago.America’s second-largest natural-gas producer said on Tuesday that McClendon is stepping down as chief executive and a board member. […]
Aubrey McClendon, CEO of Chesapeake Energy, famously built his reputation in the energy industry as a “landman”: buying thousands of acres of property with potentially lucrative hydrocarbons underneath.
[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Learjet_31A.JPG”] It really wasn’t close.Among this year’s list of “most outrageous executive perks” compiled by Forbes are some decent contenders — hundreds of thousands on cars, second homes and personal security.
[credit provider=”AP”] There were three “kings” in the Chesapeake Energy Arena on June 14, according to a Jefferies note:Fu Chengyu, Aubrey McClendon and LeBron James. Sinopec chairman Fu Chengyu, Chesapeake CEO Aubrey McClendon and Miami Heat forward LeBron James are in leagues of their own. It is no wonder fate […]
[credit provider=”wondergem” url=”http://wondergem.com/newsroom.php?campaign_id=10″] What do you get for the man who has it all?How about a resort and marina, 900 miles away from your hometown?
[credit provider=”The Lost Ogle” url=”http://www.thelostogle.com/wp-content/uploads/2012/03/kateuptonaubreymcclendon.jpg”] Aubrey McClendon.What else can we say at this point that this picture hasn’t already said? The guy’s had to operate in 24-hour crisis mode for nearly four months, yet appears to have barely broken a sweat, having made time to attend Oklahoma City Thunder playoff […]
[credit provider=”The Lost Ogle” url=”http://www.thelostogle.com/wp-content/uploads/2012/03/kateuptonaubreymcclendon.jpg”] The piling-on continues for Chesapeake Energy, which is still dealing with its CEO’s complicated compensation situation and other operational problems.This morning, Bloomberg goes director-by-director through Chesapeake Energy’s board highlighting various potential conflicts. Here’s some of what they found:
[credit provider=”Bloomberg via YouTube” url=”http://www.youtube.com/watch?v=yZgzLtwxbns”] Argus Research’s Phil Weiss nailed the this afternoon’s explosive reveal from Chesapeake Energy that cash and credit concerns have forced them to delay selling off some of their assets.In their 10Q filing today, Chesapeake said
[credit provider=”JimCramerPicks via YouTube” url=”http://www.youtube.com/watch?v=ExNWMBDDSF8″] Jim Cramer believes Chesapeake Energy’s board needs to address CEO Aubrey McClendon’s purported conflicts of interest much more aggressively.In an interview with The Street, Cramer said Chesapeake’s board needs to appoint an independent investigative body.
[credit provider=”CNBC” url=”http://www.cnbc.com//id/46641387″] Natural gas man T. Boone Pickens told CNBC last night he has pulled out of Chesapeake.Pickens’ BP Capital had previously held about $13 million worth of CHK shares, the network reported, or 9 per cent of BP’s total fund.
[credit provider=”The Lost Ogle” url=”http://www.thelostogle.com/wp-content/uploads/2012/03/kateuptonaubreymcclendon.jpg”] Chesapeake CEO Aubrey McClendon had his employment contracts rewritten numerous times to reflect an apparently shifting stance regarding McClendon’s personal commodities trading, Reuters’ Joshua Schneyer and Jeanine Prezioso report today.The pair report that his contracts, dating back to 1997, were revised numerous times, for a […]
[credit provider=”Getty Images”] Shares of Chesapeake Energy tanked Wednesday after missing analysts’ EPS estimates yesterday afternoon. The stock was last down more than 13% in during mid-day trading.
[credit provider=”The Lost Ogle” url=”http://www.thelostogle.com/wp-content/uploads/2012/03/kateuptonaubreymcclendon.jpg”] Chesapeake Energy CEO Aubrey McClendon will step down as chairman but stay on as CEO, the company announced this morning.The Board will name an independent, non-executive chairman.
[credit provider=”The Lost Ogle” url=”http://www.thelostogle.com/wp-content/uploads/2012/03/kateuptonaubreymcclendon.jpg”] BMO Capital Markets’ Dan McSpirit announced today he was upgrading Chesapeake Energy stocks to “outperform,” and he set a new price target of $25 as shares hit what he describes as “peak negativity.”Shares reached an all-time low of $16.87 Friday on continued revelations about CEO […]