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A man of many hats... While building Chesapeake (CHK), Aubrey McClendon also has helped run a...

A man of many hats... While building Chesapeake (CHK), Aubrey McClendon also has helped run a hedge fund and two VC firms; battled a township in Michigan over zoning for a real estate development; acquired ownership stakes in an NBA team, a TV station, several restaurants, a cattle ranch and a cancer treatment center; and opened a store on Route 66 that sells 500 varieties of soda. Among concerns addressed in Southeastern Asset's letter to CHK's board was "management's focus." (also)
Comments (10)
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Ass hat??
    8 May 2012, 10:38 AM Reply Like
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    LOL...and one for each of the board members who let him do this for years.
    8 May 2012, 10:43 AM Reply Like
  • auto44
    , contributor
    Comments (2979) | Send Message
     
    Where are the facts or is this just a rumor? How about who, what, when, and where for a start? Seems there was focus enough to build a huge company from nothing.
    8 May 2012, 11:00 AM Reply Like
  • redwoodsman
    , contributor
    Comments (112) | Send Message
     
    Too many other interests to properly run a company like CHK which needs leadership now. He should step down and be replaced.
    8 May 2012, 12:08 PM Reply Like
  • MikeysStocks
    , contributor
    Comment (1) | Send Message
     
    Never can tell for sure but sounds to me like there are too many bean counters doing a Monday night quarterback play second guessing the guy who actually went out and built something they couldn't. I have yet to see a one sided coin and it seems as though we're back to the "Those who can do....those who can't...criticize or teach". CHK "is" an Aubrey Mac creation and if he leaves, even with all his faults, who is actually qualified to take his seat?
    8 May 2012, 03:52 PM Reply Like
  • PaulDoyle
    , contributor
    Comment (1) | Send Message
     
    He got a lot done ... maybe he should run for President? There's a lot of energy and business development there...
    8 May 2012, 04:21 PM Reply Like
  • ShipOfFools
    , contributor
    Comments (15) | Send Message
     
    It would seem to me that asset valuation is called for. CHK has real assets that are vital to our national security. Allowing the "Press Machine" to tear down Aubrey Mac only to put our second largest Nat Gas producer at peril seems reckless. Fact is, over time CHK will reward those that didn't pay attention to the headlines. And when Rex Tillerson (XOM) buys CHK to average cost down on their purchase of XTO it will be a great day for those that remained steadfast and didn't allow fear to influence their decisions.
    8 May 2012, 04:25 PM Reply Like
  • Stoploss
    , contributor
    Comments (1727) | Send Message
     
    Just CHK has the vital assets to nat sec?? No other company??
    8 May 2012, 04:57 PM Reply Like
  • ShipOfFools
    , contributor
    Comments (15) | Send Message
     
    It would seem to me that a company like CHK that has assets that are critical to the national safety of the USA shouldn't end up in the cross-hairs of the "media tear down machine". Fact is, CHK is a success story and over time will reward those that didn't buy into the press releases. Asset valuation is what is called for. Everyone will be surprised when XOM buys the company.....Rex T is waiting to pounce. This will average cost his purchase of XTO which some think he overpaid.
    8 May 2012, 04:25 PM Reply Like
  • rmerrick
    , contributor
    Comments (107) | Send Message
     
    Bought CHK at avg price of 17.48 and sold naked Oct 15 puts at 1.81.
    8 May 2012, 07:47 PM Reply Like
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