Chesapeake shareholders vent, rebuke board

Published June 8, 2012 8:10pm ET



OKLAHOMA CITY (AP) — Chesapeake Energy Corp. shareholders rebuked the company’s board by withholding support for two directors up for re-election at Friday’s annual meeting. Both directors have tendered their resignation.

Shareholders also withheld their support for Chesapeake’s executive compensation plan and peppered CEO Aubrey McClendon with questions about the corporate governance and accountability of the nation’s second largest producer of natural gas.

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