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Chesapeake Employees Did About $3 Million Worth of Work for CEO in 2010, Records Show -Reuters

Chesapeake Energy Corp. (CHK) Chief Executive Aubrey McClendon in 2010 and 2012 used company employees to work on personal projects at a total cost of about $6.2 million, although the CEO reimbursed all but $250,000 in each year, Reuters reported Thursday on its website, citing a review of internal records. Other records cited by Reuters indicate McClendon has leveraged future profits in professional basketball team the Oklahoma City Thunder, in which he holds a 19% stake. Internal flight logs also reviewed show McClendon took $2.5 million worth of business flights in 2010, often with family members. Chesapeake declined comment to Reuters as did a spokesman for McClendon. Full story at: www.reuters.com/article/2012/06/07/us-chesapeake-akm-wire-idUSBRE8560HX20120607 Write to nymonitoring@dowjones.com

Stock News for Chesapeake (CHK)
DateTimeHeadline
02/27/201509:23:51Icahn Investments Hit by Energy, Posts First Annual Loss Since...
02/27/201508:57:20Icahn's Investments Again Hit by Energy Prices
02/26/201510:44:02MARKET SNAPSHOT: S&P End Little Changed; Dow Ekes Out Record...
02/25/201517:06:21Dow Inches Up to a New Record
02/25/201515:35:14MARKET SNAPSHOT: U.S. Stocks Turn Lower In Late Trading
02/25/201514:04:14Chesapeake Energy Cuts Rig Operations -- Update
02/25/201513:56:22MARKET SNAPSHOT: U.S. Stocks Edge Higher To Record Levels
02/25/201511:36:03MARKET SNAPSHOT: U.S. Stocks Retreat From Records As Investors...
02/25/201511:35:13MARKET SNAPSHOT: U.S. Stocks Retreat From Records Ahead Of Yellen...
02/25/201509:15:11MARKET SNAPSHOT: U.S. Stocks: Wall Street Awaits More Action...
02/25/201508:08:00Chesapeake Energy Cuts Rig Operations After Disappointing Earnings
02/25/201507:54:16MARKET SNAPSHOT: U.S. Stocks: Wall Street Set To Take A Breather...

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