{"id":6554,"date":"2012-05-15T10:40:06","date_gmt":"2012-05-15T15:40:06","guid":{"rendered":"http:\/\/stateimpact.npr.org\/oklahoma\/?p=6554"},"modified":"2012-05-15T12:18:49","modified_gmt":"2012-05-15T17:18:49","slug":"aubrey-mcclendon-on-carl-icahn-hell-make-a-lot-of-money","status":"publish","type":"post","link":"https:\/\/stateimpact.npr.org\/oklahoma\/2012\/05\/15\/aubrey-mcclendon-on-carl-icahn-hell-make-a-lot-of-money\/","title":{"rendered":"Aubrey McClendon on Carl Icahn: \u2018He\u2019ll Make a Lot of Money\u2019"},"content":{"rendered":"<div id=\"attachment_6555\"  class=\"wp-caption module image right\" style=\"max-width: 300px;\"><a class=\"fancybox\" title=\"Billionaire activist investor Carl Icahn.\" href=\"http:\/\/stateimpact.npr.org\/oklahoma\/files\/2012\/05\/carl-icahn.jpg\" rel=\"\"><img decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-6555\" title=\"Carl Icahn\" src=\"http:\/\/stateimpact.npr.org\/oklahoma\/files\/2012\/05\/carl-icahn-300x199.jpg\" alt=\"\" width=\"300\" height=\"199\" \/><\/a><\/p>\n<p class=\"wp-media-credit\">Michael Nagle \/ Getty Images<\/p>\n<p class=\"wp-caption-text\">Billionaire activist investor Carl Icahn.<\/p>\n<\/div><p>Nothing is official, but rumors circulated Monday that billionaire activist investor Carl Icahn is after a stake in Oklahoma City\u2019s <a href=\"http:\/\/stateimpact.npr.org\/oklahoma\/2012\/04\/18\/reuters-chesapeakes-aubrey-mcclendon-took-1-1b-in-shrouded-personal-loans\/\">besieged<\/a> natural gas giant.<\/p><p>This would be Icahn\u2019s second dance with Chesapeake. He invested in 2010 and cashed out that same year, after the company\u2019s stock had increased by 50 percent in six months, CEO Aubrey McClendon said Monday.<\/p><p>\u201cHe made over $500 million and called me to thank me when it was all over. I have a good relationship with Carl. If he comes in, I&#8217;m pretty confident that he&#8217;ll make a lot of money,\u201d McClendon said in a conference call with analysts.<\/p><p><!--more--><\/p><p>There haven\u2019t been a public filing about Icahn\u2019s investment thus far, but a source <a href=\"http:\/\/online.wsj.com\/article\/BT-CO-20120514-711600.html\">tells<\/a> the <em>Wall Street Journal<\/em> it&#8217;s coming.<\/p><p>In late April, Icahn <a href=\"http:\/\/www.cnbc.com\/id\/47420440\">told CNBC<\/a>, &#8220;I do think Chesapeake is undervalued.\u201d<\/p><p>Icahn has made a lot of money by buying undervalued companies and pressuring directors and executives to make changes to drive up the stock price.<\/p><p>Icahn was a passive Chesapeake investor in 2010, but things could be different this time. \u201cChesapeake wasn\u2019t under the kind of duress it\u2019s under today,\u201d the <em>WSJ<\/em>\u2019s Paul Vigna <a href=\"http:\/\/blogs.wsj.com\/marketbeat\/2012\/05\/14\/chesapeakes-mcclendon-welcomes-icahn-back-to-the-family\/\">reports<\/a>.<\/p>\n<blockquote><p>One reason why Chesapeake had been tanking was because investors were concerned the board was too lenient in the running of the company. Icahn, who had taken a 5.8% stake in Chesapeake in 2010 before selling off, may want to implement a strict asset sale schedule and other rigorous measures if he buys back in.<\/p><\/blockquote><p>The Icahn rumor moved Chesapeake\u2019s stock up 4.8 percent by market close on Monday. Share\u2019s of the company have fallen 57 percent since August, <em>The Oklahoman<\/em>\u2019s Jay F. Marks <a href=\"http:\/\/newsok.com\/mcclendon-activist-investor-would-make-money-with-chesapeake\/article\/3675588\/?page=1\">reports<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nothing is official, but rumors circulated Monday that billionaire activist investor Carl Icahn is after a stake in Oklahoma City\u2019s besieged natural gas giant.This would be Icahn\u2019s second dance with Chesapeake. He invested in 2010 and cashed out that same year, after the company\u2019s stock had increased by 50 percent in six months, CEO Aubrey [&hellip;]<\/p>\n","protected":false},"author":36,"featured_media":6555,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[301],"tags":[360,370,275],"acf":[],"_links":{"self":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/6554"}],"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=6554"}],"version-history":[{"count":1,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/6554\/revisions"}],"predecessor-version":[{"id":6562,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/posts\/6554\/revisions\/6562"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media\/6555"}],"wp:attachment":[{"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/media?parent=6554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/categories?post=6554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateimpact.npr.org\/oklahoma\/wp-json\/wp\/v2\/tags?post=6554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}