Reuters is reporting things aren’t so rosy at Chesapeake Energy these days. You may recall the company exited bankruptcy in February (see Chesapeake Emerges from Ch. 11 Bankruptcy, Stock Restarts Trading). A few months later CEO Doug Lawler was canned (see Doug Lawler Out as CEO of Chesapeake Energy). In June, three top vice presidents who reported to Lawler were also canned (see Chessy’s Head Driller, Head Lawyer, and Head Accountant Get Fired). Chesapeake board chairman, Mike Wichterich, took over as interim CEO while the company conducts a search for a permanent replacement. It is leaked comments made by Wichterich to Chesapeake staffers that is raising some eyebrows.
