Friday, May 4, 2012

Wildcat Billionaire McClendon Becomes the Hunted

The 52-year-old executive at the center of the unfolding drama at Chesapeake Energy, the nation’s second largest natural gas company, is a brash risk-taker from a powerful oil family who decided to strike out on his own. A nephew of Robert Kerr, a former governor of Oklahoma who founded oil giant Kerr-McGee, Aubrey McClendon “could have had an easy life in the energy business,” as Forbes‘ Christoper Helman wrote in the best recent profile of the Chesapeake CEO. But McClendon chose another path, going out on his own after college to find a new fortune, like a true “wildcatter.”

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