I love Aubrey McClendon, CEO of Chesapeake Energy. Why?
1) Very intelligent man in knowing how to take a small company in 2000 to the next major steps in becoming one of the largest energy producers in America! He is the main reason Chesapeake Energy has the valuable land assets for future growth. Also, he knew how to hedge natural gas prices in the earlier years that provided tremendous profits for future growth in Chesapeake Energy.
2) Major Risk-Taker and willing not to give up when things go desperately wrong. Losing majority of his CHK shares in 2008 that were bought on margin was a major setback. He didn't whine and quit, but kept going in providing leadership in the comapany.
3) Smart Futurist - knowing how to diversify Chesapeake Energy by shifting to more oil production growth. He has a long-term plan and does care about the shareholders.
Carl Ichan may be a catalyst to shake-up the present Boeard of Directors, but Aubrey McClendon is the Founder, Maintainer, and Visonary for Chesapeake Energy.
I as an individual shareholder VOTE to keep him as my CEO NOW & FOREVER!!
As for your #3 , he was 2yrs LATE in thought. Devon, Sandridge, GMX, and many others started the transition in 2008-9 . MC ENRON is not all you believe him to be. He is just as flawed as all men are.
Well get ready to say goodbye. Ole Carl made it pretty clear in his letter that McEnron needs to be replaced ( in so many words ) . Replacing the B O D will in effect , in time be the end of AM. McEnron can only operate with the board of yes men he has. Their days are numbered. So it seems to follow...either Carl gets his way , or he rides the rally to 20.00 and dumps his stock , just like last year.