MDN has not been very complimentary of the tenure of Doug Lawler in taking over as CEO of Chesapeake Energy. Corporate raider Carl Ichan tossed Chesapeake’s co-founder and CEO for it’s entire existence (until Lawler) of Aubrey McClendon. We know, McClendon is no boy scout and certainly had his faults, but we find it sick and disgusting when an investor who holds approximately 8% of the outstanding shares in a company can eject its founder, appoint his own “tool” and embark on massive layoffs as a way of making himself money. Legal? Perhaps. Moral? Never. So we found a portion of an article on The Motley Fool interesting–an article about three CEOs in “the hot seat.” The article quotes Lawler as saying Icahn hired him to deliver on the bottom line–higher stock share price. Over the past year Chesapeake’s stock has decreased in value by 80%. Perhaps it’s time for old Doug to polish up his resume?. Doug may soon know what it feels like to get a pink slip–like the ones he’s handed out, about 2,000 times over the past couple of years…
