Chesapeake Energy: Investors Fume Over Pattern Of Poor Corporate Governance

Chesapeake Energy CEO Aubrey McClendon will retire effective April 1, according to a company release. Shares of CHK are surging in after-hours trading An internal review found McClendon did not engage in any improper conduct.

Back in May 2012, when Reuters' all out aggressive campaign against Chesapeake Energy was in full swing and the stock was trading around $14 per share, we predicted that contrary to the endless balance sheet bashing there was, in fact, much upside to CHK.

By Trefis: Chesapeake Energy’s (CHK) beleaguered CEO, Aubrey McClendon, announced his resignation Tuesday, citing differences with the firm’s board of directors. McClendon has been under fire from investors following allegations that he used his position in the company to further his personal interests and is currently being investigated by the firm’s board as well as federal regulators.

By Vatalyst: In mid-April, The Shareholders Foundation, a private, non-traded firm that acts as a securities class action manager for investors, announced a lawsuit on behalf of a Chesapeake Energy (CHK) shareholder, alleging breach of fiduciary d

By Ray Merola:Chesapeake Energy Corp (CHK) CEO Aubrey McClendon is back in the news involving more corporate/personal shenanigans. This time, the issue is that Mr. McClendon has been taking out loans to finance a somewhat unique company perk that permits him to stake a 2.5 percent interest in Chesapeake's wells; evidently, he has been using those same stakes as collateral for more loans.

By Hawkinvest:Chesapeake Energy Corporation (CHK) shares have been under pressure due to weak natural gas prices, but more recently, investors have been selling because of internal issues. Chesapeake is a leading natural gas company in the U.S., with interests in the Barnett Shale, the Haynesville and Bossier Shales, the Fayetteville Shale, the Marcellus Shale, and the Eagle Ford Shale.

By Davy Bui: Chesapeake Energy (CHK) is trading down 10% today as news broke of $1.1B in unreported loans were made to CEO Aubrey McClendon by Chesapeake-affiliated companies to finance his 2.5% stake in CHK wells.