The Chesapeake (CHK -1.6%) board's probe into CEO Aubrey McClendon's deals with the company is...

|About: Chesapeake Energy Corporation (CHK)|By:, SA News Editor

The Chesapeake (CHK -1.6%) board's probe into CEO Aubrey McClendon's deals with the company is expected to end in mid-January and is unlikely to lead to McClendon's ouster, "a person close to the board" tells the WSJ. The fact the probe has been led by Burns Hargis, who supervised McClendon's Chesapeake deals, has bothered some investors. Top shareholders Southeastern Asset Management and Carl Icahn have been pushing for governance improvements. (SEC inquiry)