Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon was forced to leave the second-largest U.S. natural gas producer under pressure from his two biggest shareholders, said a person with knowledge of the matter.
Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon will tout the company’s stock to Wall Street analysts and investors tomorrow as a board investigation of his personal finances enters its fifth month.
Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon told investors he’s “deeply sorry” that his personal finances have come under scrutiny as shares fell the most in more than three years.
Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon disavowed any role in the plunge in the company’s stock price in October 2008 after he had sold more than 31 million shares to meet margin calls.
Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon has been adding oil fields to his personal holdings faster than he can find cash to drill them. He’s steering the company down the same road.
Chesapeake Energy Corp.’s decision to cut directors’ pay and other perks may save the company up to $1.65 million a year without addressing investors’ concern that the board failed to rein in Chief Executive Officer Aubrey McClendon’s borrowing and spending spree.
Chesapeake Energy Corp. named former ConocoPhillips Chairman Archie Dunham to lead its board as the second-largest U.S. natural-gas producer struggles with falling energy prices and mistrust of its management.
Chesapeake Energy Corp. shareholders issued a sweeping repudiation of the company’s management yesterday by rejecting two directors and demanding more influence over the second-largest U.S. natural-gas producer.
Chesapeake Energy Corp. shareholders rejected two directors involved in a probe of Chief Executive Officer Aubrey McClendon’s personal finances after slumping energy prices and overspending wiped out $2.6 billion in market value this year.