Market slide wipes out CEO’s Chesapeake holdings

 
BY DON MECOY | Published: October 11, 2008   

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.

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Energy update 10/14/08

Oct 14Chesapeake officials say they are not laying off any...

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"I am very disappointed,” McClendon said in a statement issued after markets closed. "These involuntary and unexpected sales were precipitated by the extraordinary...
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