Chesapeake Energy (NASDAQ:CHK) confirms that CEO Doug Lawler will step down effective April 30, and Chair Mike Wichterich will serve as interim CEO until a successor is found.
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What about Dell osso
Unfortunately, all of Doug's sycophants are still in their jobs. Unless this gets sold off ASAP, new regime needs to clean house and let all the Anadarkos go.
Still wondering what he did to get let go without a replacement candidate. Something fishy, my guess.
Regime change long over due. If I was a VP at CHK I’d be putting my house on the market. You have no one to protect you anymore, you have no friends here, and no one will hire you with your reputation and failed track record.
And he will resurface and pull the same BS. He gives capitalism a bad name.
Do the math. How much of his Comp was stock–based, which ended up being worth how much?
Let’s not forget who gave us Lawler: Carl Icahn, Lawler’s principal apologist/cheerleader.
Icahn has to be the biggest douc_ _ bag ever to try to play the Patch.
Yo Icahn—we’ve seen your profound insight applied. Financial catastrophe resulted.
With all due respect Mr. Icahn, would you stay the he–l out of the Patch. You’re too damn du–b to ever figure it out and so are the chump yes men with whom you surround yourself
I don’t care how much mumbo jumbo you put in the paper you hang, the number of people you deceive, the cons and scams you’ve successfully run. You’re not real bright. How much money have you lost in the patch since 2007? You will always be worthless to society in my opinion.
One of my favorite ambushes of the dim–witted bankers was when the Schusterman people hung them economically worthless leases on Henry Kravis for 7 billion dollars that he had to take a 4 billion dollar loss on less than a year later. That cheered me up for months.
BC was happening long before him, that it didn't for as long as it did was a win. Now unfortunately yes another large cut across the company. Hope all who read this make it through round number.. oh I've lost track by now. Stay positive work hard, even harder show us you deserve your position.
Someone told me this morning that Doug made nearly $100,000,000.00 bankrupting CHK—that Kirkland and Ellis got multiples of 100 million dollars to help bankrupt CHK. Of course, I didn’t believe it. That would be non–sensical.
Unfortunately, it’s true. I looked at a couple of years of Lawler’s compensation and what I found was beyond belief. I had to stop after three years. Lawler’s compensation is nauseating.
Check it out:
In 2016: As President and Chief Executive Officer at CHESAPEAKE ENERGY CORP, Robert D. ("Doug") Lawler made $15,283,363 in total compensation. Of this total $1,300,000 was received as a salary, $2,589,571 was received as a bonus, $1,690,000 was received in stock options, $9,060,000 was awarded as stock and $643,792 came from other types of compensation. This information is according to proxy statements filed for the 2016 fiscal year.
In 2017: As President and Chief Executive Officer at CHESAPEAKE ENERGY CORP, Robert D. ("Doug") Lawler made $14,903,906 in total compensation. Of this total $1,300,000 was received as a salary, $2,224,950 was received as a bonus, $3,180,000 was received in stock options, $7,570,008 was awarded as stock and $628,948 came from other types of compensation. This information is according to proxy statements filed for the 2017 fiscal year.
In 2018: As President and Chief Executive Officer at CHESAPEAKE ENERGY CORP, Robert D. ("Doug") Lawler made $22,745,427 in total compensation. Of this total $1,300,000 was received as a salary, $3,870,850 was received as a bonus, $1,800,000 was received in stock options, $15,200,006 was awarded as stock and $574,571 came from other types of compensation. This information is according to proxy statements filed for the 2018 fiscal year.
Thief leaving town and taking all the money he stole from royalty owners, shareholders etc. PLUS retains his stock in the NEWCO – no justice.
ABOUT DAMN TIME, BK was guaranteed with this guy.