Why isn’t Chesapeake Energy’s recovery stronger?

 

An examination of Chesapeake Energy and its slow recovery after emerging from bankruptcy earlier in the year points to executive departures and changes in the direction of the Oklahoma City company.

Reuters reported this week that the company’s recovery is slower compared to other firms that endured the same kind of bankruptcy.

“Investor confidence in Chesapeake’s reboot began to flag in April after then-director Michael Wichterich unexpectedly fired CEO Doug Lawler, who had headed Chesapeake for eight years, and took over his position on an interim basis,” reported Reuters.

Click here for Reuters report.

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