Chesapeake Breaks Out Checkbook to Retain Top Executives

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From Bloomberg:
Chesapeake Energy Corp. (CHK) awarded bonuses in the form of 810,000 stock options to retain outgoing Chief Executive Officer Aubrey McClendon’s leadership team at the second-largest U.S. natural gas producer.
The retention bonuses for Chief Financial Officer Domenic Dell’Osso, Chief Operating Officer Steve Dixon and Martha Burger, the human resources director, will vest one-third each in 2016, 2017 and 2018, Oklahoma City-based Chesapeake said in a filing today.
Read the whole article here.

Is this being done out of fear that McClendon will look to establish himself in a position to compete against Chesapeake after leaving the company?  Interesting thought...


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