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After McClendon's Trades, Chesapeake Board Gave Blessing -Reuters

DOW JONES NEWSWIRES Chesapeake Energy Corp. (CHK) CEO Aubrey McClendon, in his latest employment contract, was granted permission to trade commodities for himself after he had already begun doing so, Reuters reported Tuesday. The contract raises questions about what the Chesapeake board knew of McClendon's personal investments and whether his deal making might be at odds with his fiduciary responsibilities, the report said. The 2009 contract did, however, explicitly limit McClendon from taking an active role in any hedge fund after his personal hedge fund had shut down. Two board members declined comment to Reuters. McClendon through his spokesman also declined comment. A Chesapeake spokesman would say only that McClendon's employment contracts "fall under board review." Full story at http://www.reuters.com/article/2012/05/08/us-chesapeake-mcclendon-contract-idUSBRE8470EU20120508 -Dow Jones Newswires; 212-416-2900

Stock News for Chesapeake (CHK)
DateTimeHeadline
02/23/201709:06:00Chesapeake Energy Revenue Falls on Cheaper Energy Prices
02/23/201707:00:00Chesapeake Energy Corporation Reports 2016 Full Year And Fourth...
02/14/201707:00:00Chesapeake Energy Corporation Provides 2017 Guidance And Operational...
02/13/201719:39:00Chesapeake Energy Settles With Estate of Former CEO -- Update
02/13/201716:20:00Chesapeake Energy Settles With Estate of Former CEO
02/01/201707:00:00Chesapeake Energy Corporation Provides 2016 Fourth Quarter And...
01/20/201716:30:00Chesapeake Energy Corporation Reinstates Payment Of Quarterly...
01/13/201703:02:00Foundation Battles Over Pledge -- WSJ
01/12/201711:43:00Ronald Reagan Foundation Pursuing Aubrey McClendon's Estate
01/05/201707:00:00Chesapeake Energy Corporation Announces Final Results Of Cash...
01/05/201707:00:00Chesapeake Energy Corporation Announces Final Results Of Cash...
12/26/201618:01:00Key Metric Likely Won't Reflect Oil Rally
12/22/201616:00:00Chesapeake Energy Corporation Announces Redemption Of 6.5% Senior...
12/20/201607:00:00Chesapeake Energy Corporation Announces Early Results Of Cash...
12/20/201607:00:00Chesapeake Energy Corporation Announces Agreement To Sell Second...
12/17/201603:02:00Chesapeake Pins Its Rebound On Massive Wells -- WSJ
12/15/201616:05:00Chesapeake Energy Pins Rebound on 'Supersize' Gas Well
12/15/201607:00:00Chesapeake Energy Corporation Announces Appointment Of Luke R...
12/06/201620:51:00Chesapeake Energy Corporation Announces Pricing And Upsizing...
12/06/201608:04:00Chesapeake Energy Corporation Announces Cash Tender Offers For...

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