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Wednesday, April 7, 2010 as of 11:14 AM ET

Aubrey McClendon

Aubrey Kerr McClendon (born 1959 in Oklahoma City, Oklahoma) is the chief executive officer, chairman, and co-founder of Chesapeake Energy Corporation ().

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Icahn Reports 7.6% Stake In Chesapeake Energy

Activist investor Carl Icahn reported a 7.

6% stake in Chesapeake Energy Corp. (CHK) Friday and called for the replacement of at least four of the embattled natural-gas company's board members.Icahn's call for a shakeup echoes the wish of investors who have said lax board oversight is partly to blame for the company's 50% decline in share price over the past year. Scandals surrounding company co-founder and Chief Executive Aubrey McClendon and complicated financials have helped the company lose hundreds of millions of dollars in market capitalization."He's out for blood," Morningstar analyst Mark Hanson said of Icahn's demands. "You needed someone with sharper elbows, and now you got it."News of Icahn's stake and demand sent Chesapeake shares 1.5% higher in after hours trading, to $16.04.Icahn called for at least four of the board's current members, other than Louis Simpson, to be immediately replaced by two individuals of his own choosing. Another large shareholder should designate two...

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  1. Several Investment Funds Shed Chesapeake Shares In 1Q

    Several large hedge funds and investment advisory firms sold large positions in Chesapeake Energy Corp. (CHK) during the first quarter.The sales by some of the large...

  2. Chesapeake Increases Unsecured Loan To $4 Billion Amid Demand

    Chesapeake Energy Corp. (CHK) has increased the size of its unsecured loan being sold to institutional investors to $4 billion from $3 billion amid strong investor d...

  3. S&P Cuts Chesapeake Energy Debt Rating

    Standard & Poor's Rating Service on Tuesday lowered its debt outlook on Chesapeake Energy Corp. to BB-minus from BB. Analysts said the company has faced "mounting tu...

  4. Chesapeake Delays Eagle Ford Oil Deal

    Chesapeake Energy Corp. (CHK) Chief Executive Aubrey McClendon said Monday that a $3 billion unsecured loan from Goldman Sachs Group Inc. (GS) and Jefferies Group In...

  5. Chesapeake To Delay Eagle Ford Oil Field Deal -CEO

    Chesapeake Energy Corp. (CHK) said Monday that it would delay a $1 billion oil deal in the Eagle Ford oil shale in Texas, but that major asset sales in the Permian a...

  6. CEO: Icahn Would Make Money On Chesapeake Stock

    Chesapeake Energy Corp. Chief Executive Aubrey McClendon said Monday he has a good relationship with Carl Icahn and added that if the billionaire investor buys more ...

  7. Chesapeake Warns About Potential Asset Sales Delays

    Chesapeake Energy Corp. (CHK) on Friday warned investors it could delay or change some of its planned asset sales in order not to endanger compliance with the condit...

  8. Chesapeake CEO Made $108 Mln In Well Sales

    Chesapeake Energy Corp. Chief Executive Aubrey McClendon made about $108 million from his ownership stakes in wells sold by the company under a controversial Founder...

  9. Chesapeake CEO Arranged For $450 Million Loan From Co Financier: Sources - Reuters

    Chesapeake Energy Corp (CHK) chief executive Aubrey McClendon had arranged a $450 million loan just before he was stripped of his chairmanship over his personal fina...

  10. Margin Calls Cost Green Mountain Chairman, Director

    Green Mountain Coffee Roasters Inc.'s (GMCR) recent problems claimed two more victims Tuesday when its long-time chairman and lead director were forced to reduce the...

  11. Roles For Green Mountain Executives Cut After Margin Calls

    Green Mountain Coffee Roasters Inc.'s (GMCR) recent problems claimed two more victims Tuesday when its long-time chairman and lead director were forced to reduce the...

  12. Green Mountain Chairman Sells 5 Million Shares On Margin Call

    A plummeting stock price has forced Green Mountain Coffee Roasters Inc. (GMCR) founder and Chairman Robert Stiller to sell 5 million shares of the coffee company's s...

  1. Icahn Seeks Shake-up At Chesapeake Energy

    Activist investor Carl Icahn blasted Chesapeake Energy's board Friday after disclosing his investment fund has taken a 7.56% stake in the troubled oil and natural ga...

  2. Icahn Reports 7.6% Stake In Chesapeake, Calls For 4 Directors To Be Replaced

    Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) and called for the replacement of at least four of the embattled natural gas comp...

  3. Chesapeake Investor Revolt Grows As Company Tries To Soothe Worries

    Shareholder advisory firm Glass, Lewis & Co. on Wednesday advised investors in Chesapeake Energy Corp. (CHK) to vote for shareholder proposals that would dramaticall...

  4. Pandora Posts Narrower-Than-Expected 1Q Loss

    FBN’s Robert Gray breaks down Pandora’s first-quarter earnings results.

  5. Chesapeake Sees 90% Of 2013 Capital Marked For Liquids Plays

    Chesapeake Energy Corp. (CHK) on Tuesday said it stands by its plan to expand its oil production, saying it will spend nearly all of its 2013 capital budget on drill...

  6. Chesapeake Energy Cuts Directors' Compensation By 20%

    Chesapeake Energy Corp. (CHK) Friday said it will cut total compensation for its board by 20%, the latest move by the beleaguered natural-gas giant to quell criticis...

  7. Chesapeake Cuts Compensation For Board Members By About 20%

    Chesapeake Energy Corp. (CHK) Friday said it will cut compensation for its board members by 20%, the latest move by the beleaguered natural gas heavyweight to quell ...

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