Chesapeake chief in spotlight over use of company resources

City A.M. Reporter
AUBREY K McClendon, the chief executive officer of Chesapeake Energy Corp, has intertwined his personal and financial interests with those of the publicly traded company he runs to a far greater degree than shareholders may realise, according to interviews, public records and hundreds of internal Chesapeake documents reviewed by Reuters.

The executive has deployed a team of Chesapeake employees to handle his personal business affairs and uses the corporate jet regularly to ferry family members and friends to holiday destinations documents show. In 2010, meanwhile, employees spent more than 15,000 hours working on McClendon’s personal projects. He was unavailable for comment.