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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
04/24/201517:35:21Chesapeake to Pay $25 Million to Settle Michigan Charges
04/24/201510:52:30Chesapeake Energy PT Lowered to $13.00 at Jefferies Group (CHK)
04/22/201503:34:40Chesapeake Energy Receives New Coverage from Analysts at Nomura...
04/19/201510:18:035 Megatrends in Energy
04/15/201515:05:15How to Make a Portfolio of Natural Gas Stocks
04/15/201514:30:02How to Make a Portfolio of Natural Gas Stocks
04/15/201510:57:49A New Twist For Aubrey McClendon
04/15/201503:16:22Aubrey McClendon's Financier Settles Lawsuit With Chesapeake...
04/14/201516:01:00Chesapeake Energy Corp. Announces Release Date & Conference Call...
04/13/201519:33:15Priced To Imperfection: Natural Gas Undervalued And Poised To...
04/12/201503:18:23Why Chesapeake Energy Is A Buy For The Long Term
04/10/201510:25:133 Reasons Why Chesapeake Energy Corporationâs Stock Plunged 1...
04/09/201519:21:20Study finds rising radon levels in Pennsylvania homes amid fracking...
04/07/201516:01:00Chesapeake Energy Corporation Appoints Kimberly K. Querrey to...
04/06/201506:04:01Insider Weekends - April 3, 2015
04/04/201509:00:02The Biggest Mergers and Acquisitions in Natural Gas Stocks
04/02/201509:34:30Chesapeake Energy Gets No Love, Except From An Insider
04/02/201502:40:47First Quarter Large Cap Winners And Losers
04/01/201514:58:21Earthquake Case Could Doom Fracking in Oklahoma
04/01/201509:10:34Chesapeake chairman buys 1M shares worth nearly $14M

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