Copyright ©2012 The Associated Press. Produced by NewsOK.com All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Market slide wipes out CEO’s Chesapeake holdings
BY DON MECOY
|
Published: October 11, 2008
Oklahoman
A slumping stock market forced Aubrey McClendon, the high-profile head of one of the state’s most dynamic energy companies, to sell "substantially all” of his 33.4 million shares of Chesapeake Energy stock, he disclosed Friday.
Multimedia
Related content
NewsOK Related Articles
-
US enemies in Mideast gloat over financial crisis
10/11/2008 CAIRO, Egypt - America's opponents in the Middle East are gloating over the financial meltdown in the United States, painting it as divine retribution for...
-
All that money you've lost - where did it go?
10/11/2008 NEW YORK - Trillions in stock market value — gone. Trillions in retirement savings — gone. A huge chunk of the money you paid for your house, the money...
-
Source: Chrysler, GM discuss merger, acquisition
10/11/2008 DETROIT - General Motors Corp. and Chrysler LLC have held preliminary talks about a merger or an acquisition of Chrysler by GM, according to published...
-
French, German leaders reject European rescue fund
10/11/2008 COLOMBEY-LES-DEUX-EGLISES, France - French President Nicolas Sarkozy and German Chancellor Angela Merkel have rejected creation of a common financial rescue...
-
Mazda says no decision on sale of Ford's stake
10/11/2008 TOKYO - Mazda denied Saturday that a decision had been made by troubled Ford Motor Co. to sell its stake in the Japanese automaker, but didn't rule out a...
-
Bush: US will work with partners on credit crisis
10/11/2008 WASHINGTON - President George W. Bush emerged from a meeting with foreign financial officials on Saturday and pledged a global response to the credit crisis...
-
Meltdown miss called stroke of good luck
10/11/2008 In the past two months, Scott Rollins raised $3.5 million in private seed capital for Selexys Pharmaceuticals, the Oklahoma City-based life science company...
-
Paulson to move ahead with bank stock purchases
10/11/2008 WASHINGTON — Treasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial...
-
‘Vultures’ circle crisis, but hesitate to feed
10/11/2008 NEW YORK — When financial panic sweeps Bedford Falls in the 1946 movie "It’s a Wonderful Life,” the villain, Mr. Potter, moves to snap...
-
Basics paying off for Wells Fargo
10/11/2008 SAN FRANCISCO — With its iconic stagecoach, Wells Fargo & Co. has evoked images of the wild West throughout its 156-year history.
Now it’s...
-
Experts clash over stock ‘crash’
10/11/2008 Did stocks "crash”?
Some news organizations and investors are hesitating to use the word to describe Wall Street’s terrifying sell-off....
-
Chesapeake curbs operations
10/11/2008 Chesapeake Energy Corp. said Friday it will make additional operational cuts for the remainder of this year, 2009 and 2010 while it raises cash by selling...
-
Oil sector also falls in market
10/11/2008 NEW YORK — Energy stocks plunged Friday as crude and natural gas prices dropped to levels not seen in more than a year.
The sector has fallen...
"I am very disappointed,” McClendon said in a statement issued after markets closed. "These involuntary and unexpected sales were precipitated by the extraordinary...
View full article on Oklahoman.com
How do I get Full Access?
News Photo Galleriesview all
Prev
