New MDN Poll: Will McClendon be CEO One Year from Now?

MDN launches a new poll today. Over the past several weeks, Chesapeake Energy has been in the midst of a public relations storm. Chesapeake operates a program called the Founders Well Participation Program (FWPP) which allows CEO Aubrey McClendon to invest his own money, and reap the financial rewards, of up to a 2.5 percent stake in every well drilled by Chesapeake. He must help fund his 2.5 percent of drilling costs. Reuters disclosed a few weeks ago that McClendon has been borrowing—big time—in order to meet his obligations to the program. He has borrowed (i.e. mortgaged his interest) to the tune of $1.1 – $1.4 billion, depending on the news source.


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