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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
06/12/201516:27:443 Stocks to Watch in Oil Rigs
06/05/201513:04:02How Energy Companies Are Raising Cash In A Pinch
06/02/201517:11:59The Competitive Advantage of the Best Natural Gas Stocks
05/29/201516:03:025 Best Stocks to Invest in the Shale Boom
05/20/201518:32:02Why EOG Resources Is a Buy Amidst Oil Carnage
05/20/201512:15:10What Is the S&P 500 Index?
05/15/201522:41:08
05/15/201521:10:47Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201516:21:53Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/15/201515:53:14Court Rules Chesapeake Energy Must Settle Dispute with Old CEO...
05/12/201516:57:35Aubrey McClendon's American Energy Partners Seeks Capital for...
05/11/201511:40:11Icahn Enterprises Reports Profit
05/11/201510:03:023 Fossil Fuel Stock Fails
05/08/201511:21:00Legal Probe Sends SandRidge Energy Inc’s Stock Down 10%
05/07/201509:40:12Icahn Enterprises Reports Profit
05/07/201509:16:28Icahn Enterprises Reports Profit on Lower Expenses
05/06/201515:03:33Chesapeake Energy Swings to Loss on Write-Down -- Update
05/06/201513:20:09SunTrust Downgrades Chesapeake Energy to Neutral (CHK)
05/06/201511:43:08U.S. Stocks Trade Lower
05/06/201510:32:04U.S. Stocks Trade Lower

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