Wednesday, February 20, 2013 4:10 pm
News Summary: Chesapeake CEO cleared
By The Associated Press
PRICEY PERK: McClendon had a special arrangement with the company that allowed him to invest personally in the oil and gas wells the company drilled. As the company got bigger and drilled more wells, McClendon had to borrow heavily to finance the deals. He sometimes did that with firms Chesapeake was negotiating with on separate deals.
MOVING ON: McClendon will leave the company April 1 as announced last month over differences with the board.