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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
03/31/201513:15:25Investors Look for Gems in Rubble of Crude's Collapse
03/30/201510:10:02Carl Icahn Using Chesapeake As A Bet On Oil Prices
03/26/201507:37:57Oil: The Bottom Is In And It Is Time To Add Stocks
03/24/201517:06:48MARKET SNAPSHOT: S&P 500, Dow Erase Gains In Choppy Trade
03/24/201517:01:25MARKET SNAPSHOT: U.S. Stocks Struggle To Push Higher Amid Stronger...
03/24/201515:12:46MARKET SNAPSHOT: U.S. Stocks Push Higher Amid Stronger Data
03/24/201510:48:07MARKET SNAPSHOT: U.S. Stock Futures Pare Gains As Dollar Bounces...
03/24/201510:23:30MARKET SNAPSHOT: U.S. Stock Futures Push Higher After CPI
03/24/201507:51:53MARKET SNAPSHOT: U.S. Stock Futures Higher Amid Dollar Retreat;...
03/24/201506:31:21Wall Street Breakfast: China Growth Worries Surface Again
03/24/201506:05:37MARKET SNAPSHOT: U.S. Stocks: Futures Wary Ahead Of CPI As A...
03/24/201506:00:00Chesapeake Granite Wash: Risky Bet Even If Energy Prices Rebound
03/23/201518:13:22Icahn increases Chesapeake Energy stake to nearly 11%
03/23/201516:30:00Chesapeake Energy Corporation Updates Its 2015 Operating Plan...
03/22/201519:38:50U.S. Oil Export Ban: Are There Reasons Not To Repeal?
03/21/201511:00:09What Happens to Natural Gas Stocks if Cheap Gas is Here to Stay?
03/20/201505:35:56Portfolio Strategy And Asset Allocation Based On Algorithms
03/19/201509:09:52Chesapeake Energy cut to Underperform from Neutral at Sterne...
03/18/201519:05:02Want to Invest Like a Billionaire? Read This First!
03/17/201519:40:30EIA: Oil production falling at Eagle Ford, Bakken, Niobrara shale...

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