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Executive Investigator
Tracking and Analyzing Executive Salaries, Bonuses, and Perks
# Thursday, January 08, 2009

Chesapeake Energy Corporation just awarded its CEO $75 million in addition to the nearly $3 million it paid him in 2008.

Chesapeake's board of directors said the payment to Aubrey McClendon was for his "extraordinary contribution to the joint venture transactions that were consummated by the company during 2008 and increased the company's intrinsic value by at least $10 billion."

"Intrinsic value" is an interesting way of ignoring the fact that Chesapeake stock fell 60% in value last year - a very bad year even in this market.

Thursday, January 08, 2009 3:30:54 PM UTC  #    Comments [0]  |  Trackback
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