The announcement came in a news release issued by the company today. McClendon, 53, has serve as the company’s CEO since the company was founded in 1989, and served as chairman of the company’s board until last year, when he stepped down amid controversy involving personal loans and company management. McClendon has faced criticism from […]
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Posted inArts & Culture
The Heineken Kidnapping
Portraying Heineken, who passed away in 2002, is Rutger Hauer. As good as he was as the Hobo with a Shotgun, that flick is a throwaway goof, whereas this carries heft and gives him a better vehicle for the dramatic might he rarely gets to show — at least in American productions; this is a […]
Posted inNews
Under pressure
Aubrey McClendon Mark Hancock A steady drip — perhaps more of a constant flow — of negative news stories has rocked the Oklahoma City-based company, starting with revelations published by Reuters on April 18 that McClendon took out $1.1 billion in personal loans over three years. The loans, which were through McClendon-controlled companies, were used […]
Posted inNews
Fueling station
As work winds down on the $750 million Devon tower, plans include restaurant and banquet space atop the 50-story building, along with a variety of dining options at Nebu in the adjoining garden wing. And yes, it’s all open to the public. Nebu opens March 19, and the full-service restaurant, Vast, and banquet space are […]
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Settlement pending
The settlement proposal, which is subject to Oklahoma County District Court approval, was filed Nov. 1. Despite a negative 2008 stock performance, in December 2008, the company awarded McClendon a substantial increase in compensation over the previous year, a five-year contract, a bonus of around $77 million, almost $33 million in stocks and the purchase […]
Posted inNews
Settlement pending
The settlement proposal, which is subject to Oklahoma County District Court approval, was filed Nov. 1. Despite a negative 2008 stock performance, in December 2008, the company awarded McClendon a substantial increase in compensation over the previous year, a five-year contract, a bonus of around $77 million, almost $33 million in stocks and the purchase […]
Posted inNews
Settlement pending
The settlement proposal, which is subject to Oklahoma County District Court approval, was filed Nov. 1. Despite a negative 2008 stock performance, in December 2008, the company awarded McClendon a substantial increase in compensation over the previous year, a five-year contract, a bonus of around $77 million, almost $33 million in stocks and the purchase […]
Posted inNews
‘Sea change’
The newspaper made the announcement on its website and stated that all Oklahoma Publishing Company stock will be sold to the Anschutz Corp., which is owned by Philip Anschutz, 71, a Denver-based businessman ranked by Forbes magazine as the 37th richest person in the United States and the 124th wealthiest person on the planet with […]
Posted inNews
‘Peake performance
McClendon and Nickles, chairman of Chesapeake’s Nominating and Corporate Governance Committee, had both come under fire by Institutional Shareholder Services Proxy Advisory Services, an advisory firm that recommended that shareholders not re-elect McClendon as chairman and vote to oust Nickles from the board. It is estimated McClendon has been compensated more than $152 million since […]