Chesapeake Energy Corporation (NYSE:CHK): Closing price $18.95
Aubrey McClendon said on Tuesday that he is stepping down from his position with Chesapeake, effective April 1st, because he has ”certain philosophical differences with the new Board.” In commemoration of the event, the activist investor Carl Icahn, following his contention that the firm needed greater corporate governance controls, praised McClendon, saying in part that “Aubrey has every right to be proud of the company he has built, the world class team of people at Chesapeake and the collection of assets he has assembled, which in my opinion, are the best portfolio of energy assets in the country. While it is known that some of these assets will be sold by the company in due course, I do not believe that this will in any way effect the ultimate realization of Chesapeake’s potential.”
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