Conversation starters
Most popular
Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.News Summary: Chesapeake CEO cleared
February 20, 2013 @ 1:10 pm
(AP) - CEO CLEARED: An investigation by Chesapeake Energy's board into CEO Aubrey McClendon's personal deals with company partners found McClendon didn't benefit improperly.
PRICEY PERK: McClendon had a special arrangement with the company that allowed him to invest personally in the oil and gas wells the company drilled. As the company got bigger and drilled more wells, McClendon had to borrow heavily to finance the deals. He sometimes did that with firms Chesapeake was negotiating with on separate deals.
MOVING ON: McClendon will leave the company April 1 as announced last month over differences with the board.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Top Stories
MyNorthwest.com - Purpose of Comments statement
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.
Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.