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  • Chesapeake Energy (CHK) appointed COO Steven Dixon as interim CEO on Friday and made him part of a three-person committee to search for a replacement for Aubrey McClendon, who bid a teary goodbye to employees. “Advanced” negotiations with an unnamed candidate for the top job reportedly broke down yesterday. [View news story]
    I also lost a good deal of money as a CHK stockholder when McClendon was ammasing huge amounts of stock. Every time he made one of his large purchases, I wondered to myself where the heck is he getting the money. I wasn't aware CEO's were allowed to buy their own stock on margin, but it eventually cost him and every other shareholder a ton. Live and learn!
    Mar 30 02:44 PM | Likes Like |Link to Comment
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