UNHAPPY INVESTORS: Chesapeake Energy Corp. shareholders had a chance on Friday to show their displeasure over a low stock price and what some see as failure by the board to properly oversee the company’s business.
SHAKING IT UP: Two board members resigned after shareholders declined to support their election to another term. The company will replace another four current members with new independent directors in the next two weeks.
FIGHTING WORDS: CEO Aubrey McClendon said the company he founded will persevere. “We don’t intend to kick the can down the road. We intend to crush the can,” he said.
