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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
08/17/201606:00:00Chesapeake Energy Corporation Announces Upsize And Pricing Of...
08/15/201608:17:00Chesapeake Energy Works on $1 Billion of Financing to Buy Back...
08/15/201606:02:00Chesapeake Energy Corporation Announces Cash Tender Offers for...
08/15/201606:01:00Chesapeake Energy Corporation Announces Cash Tender Offers for...
08/15/201606:00:00Chesapeake Energy Corporation Announces Arrangement Of $1.0 Billion...
08/11/201609:36:00U.S. Hot Stocks: Hot Stocks to Watch
08/11/201607:56:00Stocks Slip on Falling Oil Prices -- Second Update
08/10/201618:52:00Chesapeake Energy to Exit Barnett Shale -- Update
08/10/201618:00:00Chesapeake Energy to Exit Barnett Shale
08/10/201617:53:00Chesapeake Energy to Exit Barnett Shale
08/10/201616:34:00Chesapeake Energy Corporation Agrees To Exit Barnett Shale, Asset...
08/04/201608:30:00Chesapeake Energy Loss Narrows
08/04/201608:26:00Chesapeake Energy Loss Narrows on Lower Asset Write-Downs
08/04/201607:00:00Chesapeake Energy Corporation Reports 2016 Second Quarter Financial...
08/01/201603:42:00Statoil Sheds US Marcellus Assets to Free Up Cash
07/14/201616:00:00Chesapeake Energy Corporation Provides 2016 Second Quarter Earnings...
07/12/201613:40:00Permian Resources Draws Strong Interest From Debt Investors
07/08/201613:24:00Dick's Sporting Goods Seeks Court Approval to Buy Sports Authority...
07/01/201616:35:00North Texas Royalty Buyers and Investors Sue Chesapeake Energy...
06/26/201620:40:00Williams Cos. Fights to Save Deal

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