Activist investor Carl Icahn buys stake in Chesapeake, calls for four new board members

Companies controlled by Carl Icahn have purchased more than 50 million shares of the Oklahoma City energy company, he disclosed in regulatory filings. Icahn criticized Chesapeake’s corporate governance and called for the replacement of four board members.

BY PAUL MONIES and JAY F. MARKS Published: May 26, 2012

Activist investor Carl Icahn has amassed a 7.5 percent stake in Chesapeake Energy Corp. and called for the replacement of four board directors at the energy company.

After two weeks of...

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