New York Times, April 26, 2012
By Clifford Krauss
There is a growing chorus of criticism about the risk-taking management style and compensation of Aubrey K. McClendon, Chesapeake Energy’s audacious chairman and chief executive. On Thursday Chesapeake announced that it was phasing out his contentious compensation plan that allowed him to borrow heavily, with loans currently of $846 million, to finance his participation in an unusual compensation plan that allowed him to invest alongside Chesapeake in every well that it drilled, sharing in both the profits and the expenses. READ MORE….