Chesapeake Energy (CHK) says Aubrey McClendon will retire as CEO effective April 1. The CHK...


Chesapeake Energy (CHK) says Aubrey McClendon will retire as CEO effective April 1. The CHK board says its extensive review of alleged conflicts of interest and other matters involving McClendon has thus far found no improper conduct; a final report will be completed in mid-February. CHK +10.6% AH.

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Comments (20)
  • caddy311
    , contributor
    Comments (155) | Send Message
     
    should be good for the sp tomorrow
    29 Jan 2013, 05:22 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Guess the board/Icahn paid him off.
    29 Jan 2013, 05:32 PM Reply Like
  • Mike Maher
    , contributor
    Comments (2866) | Send Message
     
    There's 93,000,000 shares of CHK short, 16% of the float. Expect this one to fly high tomorrow!
    29 Jan 2013, 05:34 PM Reply Like
  • Alejandro43
    , contributor
    Comments (107) | Send Message
     
    Aubrey McClendon made CHK into the outstanding company it is today. I laud him for his achievement for which he can be rightly proud. The company will not be the same without him.
    29 Jan 2013, 05:47 PM Reply Like
  • WPSPIKER
    , contributor
    Comments (1149) | Send Message
     
    ya baby, i expected this in fall so doubled down in sept!

     

    Full REAL corp governance 32 by next fall if not sooner

     

    M
    29 Jan 2013, 05:51 PM Reply Like
  • nancyday50
    , contributor
    Comments (9) | Send Message
     
    McClendon misused his power for personal gain. I'm not saying he didn't have vision, but greed is the root of all evil.
    29 Jan 2013, 06:18 PM Reply Like
  • TruffelPig
    , contributor
    Comments (4208) | Send Message
     
    I am not touching this.
    29 Jan 2013, 06:29 PM Reply Like
  • westelk
    , contributor
    Comments (506) | Send Message
     
    OK, they got rid of the creator of the problem. Now Icahn and his cronies can sell off the pieces to finally get the debt down. Depending on how much (and what) gets sold, there might be enough left of shell that will remain of CHK to be sold to one of the majors. Who wants assets cheap?

     

    I will wager that something was very wrong to the point they had to construct a soft push out rather than firing "for cause". Better to keep the crap under the floor boards. AM has used this company as his personal piggy bank for years.
    29 Jan 2013, 06:39 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Or maybe the board will refi the debt at relatively cheap rates, as ZH is suggesting.
    29 Jan 2013, 07:09 PM Reply Like
  • haunted
    , contributor
    Comments (133) | Send Message
     
    "effective April 1"

     

    April fools joke?
    29 Jan 2013, 07:24 PM Reply Like
  • KimFeil
    , contributor
    Comments (87) | Send Message
     
    Bye Bye...how many people suffered with rural way drilling in urban drilling areas?...Aubrey has a legacy of his company being a bad player in Arlington TX's air quality.
    29 Jan 2013, 08:15 PM Reply Like
  • Fracjob
    , contributor
    Comments (2396) | Send Message
     
    I am sure you have suffered horribly, and all of hearts go out to you.
    29 Jan 2013, 09:01 PM Reply Like
  • NatGasGHshale
    , contributor
    Comments (90) | Send Message
     
    Don't cry for AM... He will be "retired" with stock options, golden parachute that will go on for years, Founders Well Participation Program FWPP, back-door deals and perks... And... He will probably still be running the place on some level... Can't happen fast enough. IMO...
    29 Jan 2013, 08:44 PM Reply Like
  • Albert Alfonso
    , contributor
    Comments (3295) | Send Message
     
    This is great news, finally makes this company investable.
    29 Jan 2013, 11:55 PM Reply Like
  • tsra1983
    , contributor
    Comments (116) | Send Message
     
    I hope McClendon's narcissism subsides and his conscience keeps him up at night.

     

    The real story here is probably in the asinine retirement package he most likely received.

     

    Good riddance to you, McClendon. You abused a publicly traded company to as nearly a criminal level as you could get away with. Please, please, whatever French wine cellar you retreat to, take your glorified HR VP pal Wilson with you.
    29 Jan 2013, 11:57 PM Reply Like
  • joemarko
    , contributor
    Comments (32) | Send Message
     
    cahns participation is very welcome. It did wonders or so it seemed, to the performance of cvi
    30 Jan 2013, 02:59 AM Reply Like
  • joemarko
    , contributor
    Comments (32) | Send Message
     
    Just a guy, trying to beat the mkt. like am I too, am a visionary, hope I'm not hallucinating.
    30 Jan 2013, 02:59 AM Reply Like
  • efurlong07
    , contributor
    Comments (2) | Send Message
     
    Another step in the right direction and about time CHK had some positive news. Should be interesting to see how the stock moves going forward.
    30 Jan 2013, 04:37 AM Reply Like
  • 2PP
    , contributor
    Comments (343) | Send Message
     
    I wish I would have known this today.......oh wait....that would be inside.....nevermind.
    30 Jan 2013, 05:02 AM Reply Like
  • al roman
    , contributor
    Comments (18384) | Send Message
     
    The iron is heating up.
    CHK needs leadership that is up to the task for the realities
    of today and tomorrow.
    30 Jan 2013, 06:56 AM Reply Like
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