Contract Gave Chesapeake CEO License to Play Markets

In its latest employment contract with CEO Aubrey McClendon, Chesapeake Energy Corp gave him permission to trade commodities for himself after he already had begun doing so.

NEW YORK (Reuters) - In its latest employment contract with CEO Aubrey McClendon, Chesapeake Energy Corp gave him permission to trade commodities for himself after he already had begun doing so.

By Devon Shire: I'm a Chesapeake Energy (CHK) shareholder. As you may have guessed, I am a little disgruntled these days.I'm sure you know why I'm disgruntled, but in case you don't here is my list of grievances:

Chesapeake Energy Corporation (CHK) Q3 2012 Earnings Call November 2, 2012 9:00 AM ET Executives Jeff Mobley – IR Aubrey McClendon – CEO Nick Dell’Osso – CFI Steve Dixon – EVP, Operations and Geosciences and COO Analysts Doug Leggate – Bank of America Dave Kistler – Simmons & Company Neal Dingmann – SunTrust David Tameron – Wells Fargo

Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon will resign from the company he built into the second-largest U.S. natural gas producer after scrutiny of his personal finances and a corporate cash crunch erased as much as 43% of its market value last year.

Chesapeake Energy (CHK) Q1 2011 Earnings Call May 03, 2011 9:00 am ET Executives Steven Dixon - Chief Operating Officer, Executive Vice President of Operations & Geoscience and Member of Employee Compensation & Benefits Committee Aubrey McClendon - Co-Founder, Chairman, Chief Executive Officer and Chairman of Employee Compensation & Benefits Committee