Chesapeake stock drops, despite coming end of CEO’s well program

Chesapeake Energy Corp.’s board and CEO Aubrey McClendon have agreed to negotiate an early end to the program that allows him to invest in every well drilled by the company.

BY JAY F. MARKS Published: April 27, 2012
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A potentially expensive question remains after Thursday’s announcement that Chesapeake Energy Corp. will discontinue the program that allows CEO Aubrey McClendon to buy a personal stake in each well the company drills.

What will it cost?...

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