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Tom nixed


Gazette staff June 25th, 2013

In the latest round of CEO musical chairs, Tom Ward last week received the boot from SandRidge Energy, the company he founded in 2006. It happened the same week Men’s Wearhouse fired its founder and pitchman, George Zimmer, the man who guaranteed us we were going to like the way we looked in his suits.

Credit: Brad Gregg

Wonder if his board liked the way they looked firing him?

Closer to home, SandRidge’s board deemed Ward expendable just months after Aubrey McClendon, with whom Ward had founded Chesapeake Energy, was pushed out by his board. Shareholders these days seem to be more volatile than Glee fans.

But don’t cry too hard for Ward and McClendon. Both exited their respective companies with tens of million of dollars, and they both still have ownership stakes in the OKC Thunder. Plus, McClendon still has use of the Chesapeake jet for the next few years.

McClendon already has started a new company and put out the “Help Wanted” sign. Perhaps it’s time for Ward to update his resume and apply for a job. The two have a knack for this sort of thing, having started with about $50,000 in the late 1980s to build the Chesapeake empire. While there might not be a CEO position waiting for Ward, we bet his old pal wouldn’t make the guy start out in the mailroom.

If they do team up, they might want to hold off on setting up a board of directors. Just sayin’.


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