Chesapeake Taking Aggressive Approach to Debt Reduction?
Written for Seeking Alpha:
It is a good day for Chesapeake Energy (CHK) shareholders. The company's Board of Directors did the right thing and listened to what large shareholders Southeastern Asset Management and Carl Icahn had to say.
What they had to say of course was "thank you for your service, but it is time for some new shareholder representatives to take control of this Board".
Chesapeake announced Monday that the company had reached an agreement with shareholders and that the following actions would be taken: