Chesapeake inadvertently opens up about 'unprecedented negative media campaign'
UPDATED: Chesapeake Energy Corp. offered a rare glimpse behind the curtain on Tuesday morning.
Company officials have been largely quiet over the past month amid reports of potential conflicts of interest involving co-founder and CEO Aubrey McClendon.
The company faces an informal inquiry from the U.S. Securities and Exchange Commission, a possible Justice Department probe and about a dozen breach of fiduciary duty lawsuits against its board of directors.
But Chesapeake accidentally posted the pictured slide as part of an investor presentation on its website Tuesday. A company spokesman said it was not meant to be made public.
In the now-removed slide, Chesapeake appears confident despite persistent questions about its finances.
“During the past five weeks CHK has withstood an unprecedented negative media campaign,” according to the second page of the presentation. “While damaging in the short run to our reputation, these attacks have failed, and will continue to fail, to reduce the value of the company’s assets and our long-term attractiveness to investors.”
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