Fri, 27 Apr 2012 07:00:04 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 Oklahom-based company, whose Barnett Shale regional headquarters is in Fort Worth, 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...
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