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June 12th, 2009:

Utility CEO's $75 Million Bonus Draws Fire

American Energy Coalition - June 12th, 2009

The chief executive of Chesapeake Energy Corp., Aubrey McClendon, is under fire for taking a $75 million bonus while the company was losing billions, according to a story by the Associated Press. One shareholder told McClendon that he planned to sell his stock, citing a lack of ethics by the chief executive and the board of directors. The company posted a $5.7 billion loss in the first quarter of 2009.

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