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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
02/08/201620:14:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy -- 3rd Update
02/08/201617:19:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy -- 2nd Update
02/08/201616:42:00Dow Pares Losses to End Volatile Session Off 1.1%
02/08/201616:22:00Stocks Pare Losses Ahead of Closing Bell
02/08/201613:30:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy -- Update
02/08/201613:21:00Stocks Sink as Bank, Energy Shares Tumble
02/08/201612:53:00MARKET SNAPSHOT: Stocks Battered Again; S&P On Track For Lowest...
02/08/201612:20:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy
02/08/201612:10:00Chesapeake Says It Doesn't Plan to Pursue Bankruptcy
02/08/201611:35:00MARKET SNAPSHOT: Stocks Drop On Global Growth Fears; Dow Down...
02/08/201611:18:00Chesapeake Energy Corporation Statement
02/08/201611:02:00MARKET SNAPSHOT: U.S. Stocks Tumble To 22-month Low As Energy...
02/03/201608:00:00Chesapeake Energy Corporation Provides 2015 Fourth Quarter And...
01/26/201616:33:00MARKET SNAPSHOT: U.S. Stocks End Sharply Higher, Lifted By Oil's...
01/26/201613:55:00MARKET SNAPSHOT: Dow Jumps Nearly 300 Points As Stock Rally Gathers...
01/26/201612:06:00MARKET SNAPSHOT: Dow Up More Than 200 Points As Stock Rally Gathers...
01/26/201612:05:00MARKET SNAPSHOT: Dow Up More Than 200 Points As Stock Rally Gathers...
01/22/201609:39:00U.S. Hot Stocks: Hot Stocks to Watch
01/22/201609:10:00Chesapeake Energy Suspends Dividends on Preferred Stock
01/22/201609:04:00Chesapeake Energy Suspends Preferred Dividends; Will Pay Down...

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