Exclusive: Chesapeake board member lent money to CEO McClendon

CEO, Chairman, and Co-founder of Chesapeake Energy Corporation McClendon walks through the French Quarter in New Orleans, Louisiana(Reuters) – As Chesapeake Energy Corp.’s board of directors moves to distance itself from loans taken by CEO Aubrey McClendon, documents reviewed by Reuters show that at least one former board member had undisclosed personal financial ties to him in the past. Now-retired board member Frederick Whittemore lent money to McClendon in the late 1990s, the documents show, even as Whittemore helped determine how much the CEO should be paid to run Chesapeake. This week, the energy giant reversed an earlier statement that its board was “fully aware” of up to $ 1. …



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