Chesapeake Energy shareholders revolted against the energy giant’s management and board Friday, withholding support for the two directors up for re-election and voting down the compensation plan for the company’s top executives. …
Energy
Ahead of Annual Meeting, Chesapeake CEO Aubrey McClendon Lawyers Up
A federal judge ruled Wednesday that Chesapeake Energy’s highly-anticipated shareholder meeting this Friday will go ahead as planned. Some shareholders wanted to postpone the Oklahoma City date amid a swirling controversy over …
Chesapeake Energy Bows to Raider Carl Icahn, Will Shake Up Board
Embattled natural gas giant Chesapeake Energy has bowed to billionaire investor Carl Icahn and agreed to shake up its board of directors heading into the company’s crucial annual meeting this week. The move comes after the …
The Myth of American Decline: An Interview with Author Daniel Gross
You don’t have to look very hard to find proof that over the past five years Americans have evolved into a very pessimistic bunch. Far more of us think the country is headed in the wrong direction than think it’s on the right …
‘Fracking’ Titan Chesapeake Energy in Stock Swoon Amid Cash Crunch
Chesapeake Energy’s stock price dropped to the lowest level since March 2009 on Tuesday, after a major credit ratings agency downgraded the nation’s second-largest natural gas producer on news that the company will take a $4 …
How High Will Global Oil Prices Rise?
If you’re watching global oil markets and getting a sickening feeling in your stomach, you’re in good company. Oil prices have spiked precipitously in recent weeks, with the U.S. benchmark price at over $107 and Brent rising …
What’s Your Personal Inflation Rate?
To know what’s really happening to your own standard of living, don’t pay attention to government’s statistics – just go to the grocery store or a department store and look around you.
How Higher Fuel Prices Could Help American Manufacturing
The revival of Detroit has been a big story over the past couple of weeks. All three major automakers have posted their best profits in years, and GM posted its highest ever-annual profits earlier this month. It’s a boon for …