A shareholder in SandRidge Energy, Inc. (SD) said the Oklahoma oil and natural gas company should find new management, making complaints about various issues including “appalling” corporate governance. We have warned for more than a year about SandRidge’s high risk in this area, and its financial statements continue to reflect problematic accounting and board composition, [...]
Tag Archives | Aubrey McClendon
GMI Ratings Governance Issue | SandRidge Energy, Inc.
November 12, 2012 in Corporate Governance, Daily Viewpoint, Flash Reports
The Failure of U.S. Capitalism is the Shareholders’ Fault?
August 7, 2012 in CEO Pay, Daily Viewpoint
By Paul Hodgson – Chief Research Analyst There’s been a lot of talk lately about blaming shareholders and the corporate governance movement for the failure of the capitalist economy. This makes about as much sense as claiming that all corporations are inherently evil. But that has not prevented some commentators from tilting at every governance [...]
Chesapeake Receives a Hammering at Hands of Shareholders
June 8, 2012 in Corporate Governance, Daily Viewpoint, Flash Reports
By Paul Hodgson – CCO and Senior Research Associate Preliminary voting results from Chesapeake’s annual meeting today reveal that the two directors up for election must resign, Say on Pay failed spectacularly, even the annual incentive plan failed to receive support. Shareholder proposals, on the other hand, went very well, with proxy access, reincorporating in [...]
Chesapeake Energy: the Governance Ravens Come Home to Roost
June 6, 2012 in Corporate Governance, Daily Viewpoint
By Paul Hodgson – CCO and Senior Research Associate [This blog first appeared on Forbes.com] The following is an excerpt from our forthcoming report, Ratings Foresights, which summarizes a few of the companies where GMI Ratings made predictions that governance, accounting, environmental and/or social failures would lead to significant value destruction. Indeed, in November 2007, [...]
On the second day of Enron my comp committee gave to me: two awards for a total of $109,688,700
December 13, 2011 in CEO Pay
By Scott Patterson – Compensation Analyst Manager For fiscal 2008 Chesapeake Energy Corporation’s Aubrey McClendon received a bonus of nearly $77 million and a stock award with a grant date value of over $32.7 million. The bulk of the bonus comes from the Founder Well Participation Program (FWPP) that allows Mr. McClendon “the opportunity to participate [...]
The Chesapeake Response
June 10, 2011 in Daily Viewpoint
By Paul Hodgson – Chief Communications Officer In one of the most comprehensive responses to negative recommendations from ISS that I have seen, Chesapeake Energy’s recent filing rebuts every point fairly comprehensively. ISS is recommending a vote against the reelection to the board of the CEO and chairman Aubrey McClendon and chairman of the corporate [...]