{"id":13101,"date":"2013-03-01T09:29:26","date_gmt":"2013-03-01T15:29:26","guid":{"rendered":"http:\/\/stateimpact.npr.org\/oklahoma\/?p=13101"},"modified":"2013-03-01T09:39:12","modified_gmt":"2013-03-01T15:39:12","slug":"reuters-chesapeake-and-ceo-mcclendon-under-sec-investigation","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/oklahoma\/2013\/03\/01\/reuters-chesapeake-and-ceo-mcclendon-under-sec-investigation\/","title":{"rendered":"Reuters: Chesapeake and CEO McClendon Under SEC Investigation"},"content":{"rendered":"<div id=\"attachment_5433\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"Chesapeake Energy CEO Aubrey McClendon and Oklahoma City Thunder owner Clay Bennet chat during an Oklahoma City Thunder game.\" href=\"http:\/\/stateimpact.npr.org\/oklahoma\/files\/2012\/03\/aubrey-mcclendon.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-5433\" title=\"Aubrey McClendon\" src=\"http:\/\/stateimpact.npr.org\/oklahoma\/files\/2012\/03\/aubrey-mcclendon.jpg\" alt=\"\" width=\"300\" height=\"249\" srcset=\"https:\/\/stateimpact.npr.org\/oklahoma\/files\/2012\/03\/aubrey-mcclendon.jpg 300w, https:\/\/stateimpact.npr.org\/oklahoma\/files\/2012\/03\/aubrey-mcclendon-150x125.jpg 150w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p class=\"wp-media-credit\">Brett Deering \/ Getty Images<\/p>\n<p class=\"wp-caption-text\">Chesapeake Energy CEO Aubrey McClendon and Oklahoma City Thunder owner Clay Bennet chat during an Oklahoma City Thunder game.<\/p>\n<\/div><p>What began as an \u201cinformal inquiry\u201d in May 2012 has now become an \u201cinvestigation,\u201d Reuters reports.<\/p><p>The U.S. Securities and Exchange Commission has issued subpoenas for information and testimony about a <a href=\"http:\/\/stateimpact.npr.org\/oklahoma\/2012\/04\/26\/controversial-ceo-perk-chesapeake-to-end-it-sec-to-informally-probe-it\/\">controversial CEO perk<\/a> that allowed Aubrey McClendon a stake in every well the Oklahoma City energy company drilled, according to a regulatory filing disclosed Friday.<\/p><p>News of the SEC\u2019s formal investigation comes just nine days after <a href=\"http:\/\/stateimpact.npr.org\/oklahoma\/2013\/02\/20\/chesapeake-internal-probe-of-mcclendon-reveals-no-intentional-misconduct\/\">the company absolved McClendon<\/a>, who is <a href=\"http:\/\/stateimpact.npr.org\/oklahoma\/2013\/01\/29\/aubrey-mcclendon-to-retire-as-chesapeake-energy-ceo\/\">retiring<\/a> from the company April 1,\u00a0of any \u201cintentional wrongdoing\u201d in an internal probe.<\/p><p><a href=\"http:\/\/www.reuters.com\/article\/2013\/03\/01\/us-chesapeake-investigation-sec-idUSBRE9200JX20130301\">From Reuters<\/a>:<\/p>\n<blockquote><p>&#8220;I&#8217;m now confused because the board just said everything was fine,&#8221; said Fadel Gheit, oil analyst at Oppenheimer. &#8220;I really thought the board had an iron-clad, air-tight grip on the situation. Unfortunately the saga continues.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>What began as an \u201cinformal inquiry\u201d in May 2012 has now become an \u201cinvestigation,\u201d 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 Friday.News [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":5433,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[490],"tags":[360,275,238],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/13101"}],"collection":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/users\/36"}],"replies":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/comments?post=13101"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/13101\/revisions"}],"predecessor-version":[{"id":13105,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/13101\/revisions\/13105"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media\/5433"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media?parent=13101"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/categories?post=13101"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/tags?post=13101"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}