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Chesapeake's McClendon will not receive 2012 bonus-filing
January 7, 2013 / 10:26 PM / 5 years ago

Chesapeake's McClendon will not receive 2012 bonus-filing

Jan 7 (Reuters) - Chesapeake Energy Corp, the U.S. oil and gas company battling a governance crisis and a liquidity squeeze, said on Monday its Chief Executive Officer Aubrey McClendon will not receive a bonus for 2012.

McClendon will also reimburse the company for his personal use of company aircraft in excess of $250,000 and Chesapeake will make deep cuts to its executive’s incentive compensation, according to a filing with the U.S. Securities and Exchange Commission.

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