Aubrey McClendon, the beleaguered C.E.O. of Chesapeake Energy, stepped down this week from the company he founded 30 years ago.
His departure marks the culmination of months of spiraling losses for the company. Chesapeake Energy lost more than a billion dollars in the first three quarters of last year alone.
Officials are investigating whether McClendon violated federal antitrust regulations when he tangled his personal investments with the company’s.
Russell Gold is an energy reporter for the Wall Street Journal.
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!