While I’m happy to see that the board has taken some action and has split the Chairman and CEO roles, I don’t think this action went far enough. McClendon has abused his power to an extreme extent and I think that it would be in shareholder best interests if he were to step down. Chesapeake has wonderful assets that might fit better in a more diversified major producer, as any capital moves the company makes with natural gas prices this low are likely to be damaging to shareholders.
http://www.bloomberg.com/news/2012-05-01/chesapeake-energy-to-strip-mcclendon-of-chairman-role.html
INVESTING IN THE FINANCIAL MARKETS INVOLVES RISKS. OPTIONS ARE NOT SUITABLE FOR ALL INVESTORS.