The custodian of a group of NYC pension funds owning 1.9M shares of Chesapeake Energy (CHK...

This news story has 10 comments:

Register or Login to rate comments »

choosh Comments (199)
 
YES! This is what it will take to return some balance to a crony biased management.
17 May 2012, 03:52 PM Reply Like

NatGasGHshale Comments (92)
 
CHK Institutional Shareholders must UNITE and VOTE against CHK's current BOD's and its CEO's reckless disregard for and destruction of CHK share value and Market Confidence in same.
17 May 2012, 04:26 PM Reply Like

hyvision Comments (3)
 
I have owned CHK for several years now and watched it go up and down and watched McClendon repeatedly violate shareholders' trust. I have continued to hold because the strategy was brilliant and I expected long term returns. Only problem was the strategy was carried to the extreme and the Company was ill positioned to handle any unforeseen crisis: i.e. the drop in NG prices. So in essence the Board and McClendon "bet the company" on a reckless buy more more more acreage with more more more debt. All the while management and Board members have been personally exploiting the company via outrageous payments; apparently free use of the corporate aircraft; allowed McClendon to generously support his Ok City ball club; and bailed McClendon out with lavish perks and salaries while the whole structure was imploding. Is it time for some accounting?? You bet. Fire the whole lot of the worthless bums and replace them with people of integrity or sell the entire company.
17 May 2012, 04:36 PM Reply Like

rrbatch Comments (63)
 
I've already voted my paltry 200 shares of CHK to withhold support for the two board members on the ballot. These clowns are getting paid upward of $500 k/yr each to do what? None of them apparently have the b---ls to rein in the Chairman.
17 May 2012, 05:38 PM Reply Like

lutherwmitchell Comments (16)
 
I only have 5,000 shares - will I be able to vote?
18 May 2012, 09:13 AM Reply Like

bwjr17 Comments (5)
 
I own about 300 shares . When are the ballots being mailed out. I think Jim Cramer needs to get Chk CEO and possibly some of the board members on his show since he was beating the drum for this company for years on how great the CEO was.. Come on Jim stop hiding behind your pride and ego and do the right thing. You were hoodwinked too!!
19 May 2012, 02:26 PM Reply Like

bwjr17 Comments (5)
 
Why doesnt Cramer have his buddy back on the show. Especially since he beat the drum for CHK and it CEO. Let go Jim stop hiding behind your pride and ego.
19 May 2012, 02:26 PM Reply Like

Prismpunk Comment (1)
 
I own shares and I voted against both board members.
21 May 2012, 05:31 AM Reply Like

jknow132 Comments (7)
 
Share holder in CHKR. Vote the whole damned board out. They are worthless hogs. I hope the big share holders don't become part of cronyism ! We'll see soon won't we.

James Knowlton
USMC / Professor
Savannah, GA
23 May 2012, 09:48 PM Reply Like

Joseph Amantea Comment (1)
 
TOT buys into chk last 25of11. Learn Frack updates. MMM last 25 of 11 buys into chk for infrastructure. AA 1st25of12 finishes building worlds only($125mil+) 50 ton press (primarily alum?) in downtown Cleveland, Ohio. 1st25of12 Boeing buys into AA( new airliners yeah right). Youngstown, Ohio 12+ quakes since last 25of11.Ohio.Gov. Kasich interviews Republic Steel,V & M Steel, X, $100mil+ each 4 upgrades.Timken Bearing, Lincoln Electric. won't believe profits on L.E. Check market momentum since last25 of 11. on all of these Ohio companies. Library closing. These guys are working all over Ohio. I'm keeping my shares.
23 May 2012, 11:01 PM Reply Like