Over the past decade, Chesapeake Energy spent millions on hundreds of Oklahoma City properties. Homes, land and buildings were purchased. Many were razed. Company-owned shopping centers, restaurants, sleek CNG fueling stations, condos, a hotel, and a heliport were discussed. Chesapeake was tight-lipped, and no one — not the city, public, nor the energy company’s campus [...]
What began as an “informal inquiry” in May 2012 has now become an “investigation,” Reuters reports. The U.S. Securities and Exchange Commission has issued subpoenas for information and testimony about a controversial CEO perk that allowed Aubrey McClendon a stake in every well the Oklahoma City energy company drilled, according to a regulatory filing disclosed [...]
Chesapeake Energy on Wednesday said its internal review of outgoing CEO Aubrey McClendon’s financial transactions revealed no “intentional misconduct.” Reuters reporters Anna Driver and Brian Grow noted the Oklahoma City natural gas giant did not release a full report of the investigation and that state and federal investigations of the Oklahoma City company are ongoing: Authorities [...]
Oklahoma City is on edge. Nonprofits are worried. When headlines broke this summer scrutinizing the company and CEO Aubrey McClendon’s “intertwined” finances, Oklahoma charities rallied to support their big benefactor. These days, nonprofits are anxious about Chesapeake’s plans to cut its charitable spending by half. And recent news that CEO McClendon had been ousted from [...]
A roundup of news, analysis and insight into Aubrey McClendon’s retirement as CEO of Oklahoma City natural gas giant Chesapeake Energy.
Together as company president and CEO, Tom Ward and Aubrey McClendon built Chesapeake Energy into the second-largest natural gas producer in the U.S. And while each have very different personalities, Ward may have borrowed some of the same “idiosyncratic business practices” when he left Chesapeake in 2006 to found SandRidge Energy, according to a new [...]
Change is coming to Chesapeake Energy, the Oklahoma City natural gas giant’s directors said on Monday. Many of the changes were proposed by shareholders at last year’s annual meeting, but were rejected by Chesapeake’s directors. The composition of the board has changed since, and shareholder criticism fueled the appointment of five new independent directors. Among [...]
Chesapeake Energy CEO Aubrey McClendon sat down with Mad Money‘s Jim Cramer and talked about the company’s future and its recent controversy. It was McClendon’s first televised interview since questions concerning the intertwined finances of the Oklahoma’s City company and its CEO surfaced earlier this year. In the interview, “McClendon blamed much of the negative [...]
Chesapeake Energy has been selling off assets at a frenzied pace. Billions in pipeline interests and natural gas fields have been shed this year, and Chesapeake has been trying to unload an office tower in Fort Worth, Texas, for $110 million. But the company is still leading a “land grab” near its corporate headquarters in [...]
Chesapeake Energy’s corporate perks have grabbed a lot of headlines, from well investment opportunities afforded CEO Aubrey McClendon, private plane trips offered to executives and directors, and its plush, amenity-laden Oklahoma City campus. But the natural gas giant’s “most extraordinary perk” might not be for executives, Reuters reports. About 1,600 mid-level employees are guaranteed payment [...]
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