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CHK CEO Borrows $1.1 B

Wednesday April 18, 2012

The CEO of CHK has borrowed $1.1 B from his own company. The money is used so that he can invest a 2.5% interest in the company's own wells. He and the company claim there is no conflict of interest. Ge looks like a sort of related party loan to me!  What do you think?

Business Insider also questions the judgement of the CEO.

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One response to “CHK CEO Borrows $1.1 B”

  1. Luis Martinez Avatar
    Luis Martinez

    Can’t open the link, but as long as they treat it as a related-party loan, I seeno problem with it (unless they fail to document it properly).

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