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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: Write to

Stock News for Chesapeake (CHK)
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09/29/201517:52:00Chesapeake Energy Plans to Cut 15% of Jobs--2nd Update
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09/13/201519:20:00Write-Downs Abound for Oil Producers
09/09/201511:00:00Texas Mineral Rights Owners Settle with Chesapeake in Royalty...
09/08/201507:00:00Chesapeake Energy Corporation Announces New Haynesville and Dry...
09/08/201507:00:00Williams & Chesapeake Energy Execute Expansion of Gas Gathering...
09/04/201507:00:00Chesapeake Energy Corporation to Present at Barclays CEO Energy-Power...
09/01/201513:49:00New Approach to Natural-Gas Could Keep Prices Low
08/24/201510:10:00Icahn Gets Board Seats From Cheniere
08/24/201509:59:00Icahn Gets Board Seats From Cheniere
08/21/201507:01:00Notice of Proposed Voluntary Dismissal of Derivative Action
08/11/201517:06:10Companies Pull Back on CEO 'Failure Parachutes'
08/06/201520:10:20Icahn Group Holds 8.18% of Cheniere
08/05/201510:00:19U.S. Hot Stocks: Hot Stocks to Watch

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