Judge tosses suit filed over Chesapeake CEO bonus

Full story: KFOR

An Oklahoma County judge has dismissed a lawsuit filed by multiple shareholders' groups against Chesapeake Energy Corp.
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1 - 13 of 13 Comments Last updated Mar 2, 2010
catlove

Oklahoma City, OK

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#1
Mar 1, 2010
 
I think their lawsuit should proceed. In these tough times, why should he get a bonus of 75 million. That is out and out stupid.
TKS

Oklahoma City, OK

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#2
Mar 1, 2010
 
The rich find ways to keep getting richer, even at the expense of their shareholders. If he were any kind of stand up guy, he would not have asked for 75 million dollars. But......if it looks like a duck.........just sayin'.
nomorespending

Oklahoma City, OK

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#3
Mar 1, 2010
 
The people filing the suit were the Shareholders and Board of Directors. They set McClendons salary and anything else he recieves should go through them .Did they miss something?
I guess they want it back....HAHAHHAHA
HAHAHA

United States

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#4
Mar 1, 2010
 

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Aubrey IS that company. When Tom Ward left, or was "bought out" the company started rolling down hill and has been on a slippery slope ever since.
HAHAHA

United States

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#5
Mar 1, 2010
 
...meaning you don't pay him what he wants, the company, without his leader of the circus mentality and control would be in jeopardy.
Aleta

AOL

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#6
Mar 1, 2010
 

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What did this fellow do for Chesapeak that is so wonderful that he deserves a huge bonus. While people struggle to pay for gasoline and utilities, this fat cat gets a wad and a half. I'm not a communist or socialist. I'm just another working stiff. I'd be happy with a $100 bonus.
Uncle TT

Barnesville, OH

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#7
Mar 1, 2010
 
He worked hard ot get where he is. He is a successfull business who wants sold his stock to continue drilling and help hundreds of people keep their jobs. Dont punish him for doin his math.
Dr Winston

Tulsa, OK

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#8
Mar 1, 2010
 
Bonus packages are a part of a contract.
The shareholders, and Board of directors knew about this before it became an issue.
Don't want him to have the money? Then don't put it in his contract.
POV

Montgomery, AL

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#9
Mar 1, 2010
 

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People do not realize that its companies like Chesapeake which help build our little city. For example, in the new building coming up in downtown, think about how many people will be working there and how many more jobs will be offered to our local people who, a lot of them, are struggling with no job. A 75 million dollar bonus is rather large but think about the how much the company is worth. For it to continue running, it takes the knowledge and direction from its board of directors and ceo to run smoothly.
Without someone making money and expanding where would we be today. People need a positive outlook on things. Money is not everything. If it makes one happy, let them be. As for many of us, its the non monetary things we get in life and at home that keeps us going. We should be happy with our own lives.
Gene Crownover

Oklahoma City, OK

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#10
Mar 1, 2010
 
Well I guess Mr. McClendon isn't worry much. I feel very sorry for him. He only got #75M. My goodness what did he do wrong to be so short changed???

Our economy is in such horrible straights and Chesapeake is so poor. I am proud that an Oklahoma Company is so rich it can help it's CEO become a billionaire while it's employees have to worh their tales off to make a living (for him).

This is just another account of Big business ripping off the public. If an Energy company can pay out that big of a bonus to it's officers, why can't they cut prices to help the general public??????????

Gene Crownover
toast

United States

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#11
Mar 1, 2010
 
Clean-burning anthracite coal...the wave of the future..
Uncle TT

Barnesville, OH

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#13
Mar 2, 2010
 
"Clean burning coal" is an oxy-moron. If anything natural gas is the wave of the future. As far as Chesa cuttin their prices to help the general public, you need to consult the NYSE, cuz they are the ones who set the prices that we pay. Drilling is a high-risk high-reward situation, and Chesa has invested in the right technology to eliminate
failure.$75mm is alot of money, but its not like that money wont be filtrated back into Oklahoma's economy.
Sherry

United States

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#14
Mar 2, 2010
 
Do all realize that Aubrey's 75 million dollar bonus is taxable at 45-50%. So, he's not getting it all. The feds and the state of Okla. get a large share of it.

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