Chesapeake Cut CEO McClendon’s Compensation by 15% Last Year
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Chesapeake Energy Corp. cut Chief Executive Officer and Chairman Aubrey McClendon’s compensation 15 percent last year to $17.86 million in response to shareholder concerns that he was paid too much.
McClendon told the company’s board of directors in September he will participate again this year in a well-ownership program that he reported lost him more than $600 million in the past three years, according to a public filing today.