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SEC begins probe of Chesapeake CEO's well stakes

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Thu, 26 Apr 12 10:05 PM | 235 view(s)
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SEC begins probe of Chesapeake CEO's well stakes

1 of 3. Chief Executive Officer, Chairman, and Co-founder of Chesapeake Energy Corporation Aubrey McClendon walks through the French Quarter in New Orleans, Louisiana in this March 26, 2012 file photo.

NEW YORK (Reuters) - The Securities and Exchange Commission has opened an informal inquiry into Chesapeake Energy Corp's controversial program that granted Chief Executive Aubrey McClendon a share in each of the natural gas producer's wells, a source familiar with the matter said on Thursday.

Credit: Reuters/Sean Gardner/Files

Ernest Scheyder and Matt Daily

NEW YORK
Thu Apr 26, 2012 1:53pm

link-
http://www.reuters.com/article/2012/04/26/us-chesapeake-idUSBRE83P0PX20120426




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