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Chesapeake Energy (CHK) boasts employee benefits from Botox injections to NBA tickets, but...

Chesapeake Energy (CHK) boasts employee benefits from Botox injections to NBA tickets, but here's a most unusual perk: ~12% of its workforce could enjoy a windfall if control of the company changes. For some employees, that means cash payments of 50% of salary plus 50% of their latest annual bonus. Some are asking whether recent board changes already have triggered the provision.
Comments (7)
  • wigit5
    , contributor
    Comments (3986) | Send Message
     
    What the hell, where do I sign up for that?
    17 Jul 2012, 08:33 AM Reply Like
  • abudigt
    , contributor
    Comments (27) | Send Message
     
    Reuters are spending thousands of hours investigating CHK. Haven’t they found anything positive?? Just bad and negative things??
    Do you think that if you give $100 million contingent bonus in change of control in order to attract 1600 high level employees and you gain much more in the value of the company is negative?
    17 Jul 2012, 08:48 AM Reply Like
  • fra53ine
    , contributor
    Comments (21) | Send Message
     
    What other conspiracies against the shareholders are yet uncovered ? This company appears to be so tainted by greed and outright fleecing of its owners it should be taken over by a company who will manage it as a reputable company should be managed.
    That 1600 employees get this outrageous perk is disgusting, Where the hell is the CFO and the HR leadership in allowing this BS to happen. We already know where McLendon is at.
    17 Jul 2012, 09:00 AM Reply Like
  • Choosh
    , contributor
    Comments (345) | Send Message
     
    I can't wait to see what they will be paying themselves when gas turns around and the company has some real cash to spend.
    17 Jul 2012, 09:58 AM Reply Like
  • jhoss58
    , contributor
    Comments (174) | Send Message
     
    How does replacing a few board members constitute a change of ownership?
    17 Jul 2012, 10:16 AM Reply Like
  • sanpace
    , contributor
    Comments (84) | Send Message
     
    What's the big deal 12% would be management. Most companies have perks at that level. Seems like they treated employees correctly. How does this show greed. Reuters has a problem with the time and energy they spend on Chesapeake. Don't get lost in their twisted stories.
    17 Jul 2012, 10:34 AM Reply Like
  • sanpace
    , contributor
    Comments (84) | Send Message
     
    Another thing, we have been making some good money and will continue to do so. I guess I'll be the target of their next unrealistic, no merit, greed article. Hmmm...sounds like they are pissy they never jumped on board earlier.
    17 Jul 2012, 12:21 PM Reply Like
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