Fri, 27 Apr 2012 10:34:18 CDT
Chesapeake Energy Corp. said Thursday it will phase out a controversial compensation plan that allowed Chairman and CEO Aubrey McClendon to personally invest alongside the company in every well it drilled and share in both profit and losses. The company said that it is undertaking a review of McClendon's financial relationship with outside parties, the New York Times reported. Chesapeake (NYSE: CHK) is the nation's second largest producer of natural gas behind Exxon Mobil Corp. (NYSE: XOM). Chesapeake...
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