Comments on: Shareholder lawsuit filed against McClendon, Chesapeake board of directors

By: bob

bob — Sat, 21 Apr 2012 20:43:37 +0000

It just seems to be the same ol’ same ol’ with these guys.

Your company takes a bath and yet you still get a bonus?!? Really? I fail to do my job properly and I’m out the door by close of business if I’m lucky, sooner if not.

You get the company to buy your private.antique map collection for 12 million. When caught you “graciously ” repay the company. Anywhere else, that would embezzlement or misuse of corporate funds, with a trip to the cop shop wearing stylish silver bracelets. But here its just another day at the office.

Finally, getting a “loan” of corporate funds. WTF! On what plane of unreality is that even legal?

I guess the supposed lessons learned of the CEOs who went to jail for living high on other people’s money weren’t really learned.

Just more of the same.

And they wonder why the less fortunate hate them so much. I just wish I knew then what I know now. How to rob people with both hands and get away with it!

By: Pressure Builds on Chesapeake CEO McClendon, Caught Up in Enron-type Scandal; Shareholders Sue - Natural Gas Watch.org

Fri, 20 Apr 2012 18:19:04 +0000

[...] shareholders’ lawsuit, which you can read for yourself here, came just one day after the Reuters story hit the streets — although the fact that McClendon [...]

By: Steve Hunt

Steve Hunt — Fri, 20 Apr 2012 17:25:07 +0000

He’s stolen lots of $$$ from the Shareholders via the deal with the former Citadel Radio…they got the broadcast rights by giving the ownership group all revenue received from ad sales during the game — so McClendon (part of the ownership group) loads up on Chesapeake ads, using company money to enrich himself…this is the definition of tip of the iceberg with this hoodlum, but it’s an interesting look at how he operates.

By: Nick

Nick — Fri, 20 Apr 2012 16:08:56 +0000

If he pays back the loans, what’s the big deal? I mean, it is a rather large loan, but it’s a rather large corporation he runs. What should be discussed is, “Can he pay back the loan? Is he monetarily able? How does he plan on doing it? Does this cut into company cost? Is there embezzlement involved? Who needs a billion dollar loan, anyway?”