Chesapeake's McClendon will not receive 2012 bonus: filing

Published January 07, 2013

| Reuters

Chesapeake Energy Corp , the U.S. oil and gas company battling a governance crisis and a liquidity squeeze, said on Monday its Chief Executive Officer Aubrey McClendon will not receive a bonus for 2012.

McClendon will also reimburse the company for his personal use of company aircraft in excess of $250,000 and Chesapeake will make deep cuts to its executive's incentive compensation, according to a filing with the U.S. Securities and Exchange Commission.

(Reporting By Anna Driver; Editing by Bernard Orr)

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