Seeking Alpha

Chesapeake (CHK -2.2%) update: CEO McClendon has received $108M for his minority stakes in wells...

Chesapeake (CHK -2.2%) update: CEO McClendon has received $108M for his minority stakes in wells the company has sold. CHK had previously said entities controlled by McClendon were parties to a 2011 deal in which the company sold certain assets, but it had not said how much McClendon and limited liability companies he controls earned in this or other deals.
Comments (15)
  • W. Walker Jr.
    , contributor
    Comments (271) | Send Message
     
    CHK comes out and says they will not pay for performance in 2012, and this is what gets picked up...lol
    11 May 2012, 12:38 PM Reply Like
  • silence_twain
    , contributor
    Comments (330) | Send Message
     
    They have not been paying Aubrey based on performance for years. They have been paying him based on all his crony friends being on the board!
    11 May 2012, 12:43 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3670) | Send Message
     
    With all the contreversy you would think either this guys steps down or makes a statement or present some kind of faith inspiring evidence he has done nothig wrong. Smells fishy. I don't like fish much.
    11 May 2012, 12:43 PM Reply Like
  • W. Walker Jr.
    , contributor
    Comments (271) | Send Message
     
    Yes if he did something wrong, he probably would have stepped down. Since this is a media witch hunt, you will not see him resign or be fired.
    11 May 2012, 12:48 PM Reply Like
  • W. Walker Jr.
    , contributor
    Comments (271) | Send Message
     
    Also, in America aren't you innocent until proven guilty? Not guilty until you prove your innocence?
    11 May 2012, 12:48 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3670) | Send Message
     
    That is a lot of pressure. Energy is a bad business to be in right now with the current political environment, where the fantasy of clean energy is perpetuated. No matter how you slice the pie, there is a toxic bi-product of some sort with any and all forms of energy.

     

    We will see how this turns out.
    11 May 2012, 12:49 PM Reply Like
  • gensearch2
    , contributor
    Comments (1390) | Send Message
     
    In America the ONLY place you're innocent until proven guilty is in a court of law. In public opinion you're guilty of all accusations. If a court finds you not guilty, you're still guilty in public opinion because you got off on "a technicality".

     

    Traders could care less whether you're guilty or not. If it's new and bad they sell. Money and guilty/not guilty are irrelevant to each other.
    11 May 2012, 12:52 PM Reply Like
  • W. Walker Jr.
    , contributor
    Comments (271) | Send Message
     
    Ya if he did anything wrong, it was write a letter to Obama. This is the backlash. Follow the trail of money, start with Reuters, who owns that, and who controls that, and do they make political donations? OMG it looks like they support Obama.

     

    Hmm, perhaps conspiracy theory, perhaps not. I have no proof of anything just a hunch.
    11 May 2012, 12:53 PM Reply Like
  • birder
    , contributor
    Comments (1140) | Send Message
     
    Seems like there are quite a few CHK and McClendon fans here today. Good luck folk. You might need it.
    11 May 2012, 01:09 PM Reply Like
  • JonG
    , contributor
    Comments (5) | Send Message
     
    Here's a what if- what if the SEC finds out he made a trade on gas in his hedge fund based on inside knowledge that CHK was going to shut in gas production (as they did a while back)....
    11 May 2012, 01:21 PM Reply Like
  • W. Walker Jr.
    , contributor
    Comments (271) | Send Message
     
    then the SEC would have to put its foot in its mouth for not discovering it earlier during its numerous inquiries (formal and informal). I highly doubt this will happen
    11 May 2012, 01:23 PM Reply Like
  • Choosh
    , contributor
    Comments (328) | Send Message
     
    Saw Aubrey on an old 60 Minutes as the bright voice of the future where gas save us from foreign oil dependence and reduces polution. It could have happened and he would now be carried aloft by the grateful shareholders and all his excesses politely ignored.
    11 May 2012, 01:32 PM Reply Like
  • Wall Street Smart
    , contributor
    Comments (474) | Send Message
     
    Cramer should come on the show and aplogize for calling Aubrey "The terrific and great CEO of Chesapeake" repeatedly
    11 May 2012, 01:33 PM Reply Like
  • Matthew Davis
    , contributor
    Comments (3670) | Send Message
     
    If Nat gas can get traction, I hope it does, why are we bothering with hybrids? This doesn't make sense. I want to see NG pre production models like they did with worthless fuel cell cars, talk about a waste of R&D funds...put that money to work in something practical!
    11 May 2012, 01:38 PM Reply Like
  • odenhoven
    , contributor
    Comments (6) | Send Message
     
    Yes I am a shareholder based on the information that was available about its prospects. Then the cashflow problem, the deeply unethical dealings of Aubrey in his dual role as CEO and his Hedge fund, now the payment structure. I am deeply troubled that so many people in leading positions are unethical and completely lack of concern for shareholders . Thank you Aubry thank you Dimon, etc. etc
    11 May 2012, 02:04 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Tools
Find the right ETFs for your portfolio:
Seeking Alpha's new ETF Hub
ETF Investment Guide:
Table of Contents | One Page Summary
Read about different ETF Asset Classes:
ETF Selector

Next headline on your portfolio:

|