Chesapeake Energy Corp. (NYSE: CHK) finally has succeeded in throwing out its morally challenged CEO Aubrey McClendon and some of his equally morally challenged board. McClendon not only enjoyed extravagant compensation, he also made investments side by side with the company, which almost certainly was a conflict of interest.
Chesapeake stayed within the industry with its new chief executive pick. That is just as well. Chesapeake is a complex energy company with equally complex financials. Marketwatch says of the new Chesapeake Energy CEO pick:
Chesapeake Energy Corp. has chosen Robert Douglas Lawler, a top executive at rival oil-and-gas company Anadarko, as chief executive, the Wall Street Journal reported on Monday. The 46-year-old will replace Aubrey McClendon, who was ousted from the second-biggest natural-gas producer in the U.S. in April. Petroleum engineer Lawler was senior vice president of international and deep-water operations at Anadarko
It is deepwater Lawler will have to get Chesapeake out of.
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
