Wednesday, April 7, 2010 as of 11:14 AM ET
Aubrey Kerr McClendon (born 1959 in Oklahoma City, Oklahoma) is the chief executive officer, chairman, and co-founder of Chesapeake Energy Corporation ().
Read More at Wikipedia ›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...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...
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...
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...
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...
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...
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 ...
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...
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...
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...
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...
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...
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...
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...
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...
Shareholder advisory firm Glass, Lewis & Co. on Wednesday advised investors in Chesapeake Energy Corp. (CHK) to vote for shareholder proposals that would dramaticall...
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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...
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...
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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