Aubrey McClendon Credit: Shannon Cornman Chesapeake did not offer details about why its co-founder was stepping down, but an email and statement from McClendon point toward clashes with the company’s new board of directors. In an email to Chesapeake employees, McClendon said the action was mutually agreed upon by him and the board. “Although this […]
chesapeake
Posted inNews
McClendon announces retirement from Chesapeake
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 […]
Posted inMusic
Jingle bell prog rock
Roaring ’round the globe for almost 20 years, Trans-Siberian Orchestra —TSO, for short — is the unlikeliest musical group to become not only one of the top concert acts ever, but a holiday tradition equal to Santa Claus himself. TSO brings this symphonic-prog/classical-metal gift to the Chesapeake Energy Arena for two shows Saturday. But, according […]
Posted inArts & Culture
Fear the … K-Mart?
Kevin Martin Credit: Shannon Cornman If Thunder fans’ affections for Kevin Martin and James Harden are still divided, tonight’s game between Oklahoma City and the Houston Rockets could be a good bellwether. Through 11 games this season, Martin averaged 17.6 points per game, more than the 16.8 points per game that Harden averaged over 64 […]
Posted inNews
Sour shareholders
Credit: Brad Gregg TPG-Axon, which holds a 4.5 percent stake in SandRidge, charged in a Nov. 8 letter to SandRidge’s board that the company had engaged in reckless spending and that shareholders had experienced a 76-percent decline in stock price. TPG-Axon requested that the company be sold, Tom Ward replaced as CEO and board members […]
Posted inNews
Quality costs
The Chesapeake campus Energy companies comprised the bulk of the 10 companies receiving the most in state Quality Jobs funds. Chesapeake Energy Corp. received the most, at nearly $7.2 million, followed by SandRidge at around $6.6 million and ConocoPhillips at $4.8 million. Only three non-energy companies are on the top-10 list: Dell, Spirit AeroSystems and […]
Posted inNews
Frack it up
Credit: Brad Gregg Oklahoma’s own corporate sugar daddy recently got the green light from Pennsylvania state officials to begin hydraulic fracturing a well located about a mile away from the Beaver Valley Nuclear Power Station in Shippingport, Penn., along the Ohio River. While there is no proven link between seismic activity and hydraulic fracturing — […]
Posted inArts & Culture
Thunder on
James Harden Credit: Shannon Cornman While several national media outlets recently have ranked the Oklahoma City Thunder as among North America’s top professional sports franchises, the team has other things on its collective mind these days: namely, the start of a new season and the challenge of winning an NBA championship. Losing to the Miami […]
Posted inArts & Culture
Knight watch
<span style="mso-ansi-language: EN-US” lang=”EN-US”> Jack Walker is one of the lucky ones: Officially, he’s Batman. Living a dream of arguably millions, the British-born actor dons cape and cowl — not at a theater near you, not on any Bat-channel, but in the flesh, before your eyes, in cities worldwide, in the Batman Live arena tour. […]
Posted inNews
Holding our biased breath
But as the company sells off billions in assets to pay $32.6 billion in “spending obligations” (as The Wall Street Journal recently reported), charges of crony capitalism abound and its CEO fends off charges of insider dealing, local defenders of the embattled energy giant have come forth in droves. Some even contend we are the […]