Aubrey McClendon, creator and CEO of Chesapeake Energy, was, according to Fortune Publication, the greatest paid U.S. CEO in 2008 getting over $100 million in overall compensation. McClendon got this compensation regardless of a substantial drop in the business's stock rate and monetary efficiency throughout the year.
The (A) case resolves the specifics of the compensation and the reasoning for the compensation from the point of view of Chesapeake's board and its compensation committee consisting of McClendon's function in consummating numerous joint endeavors, which the board and committee thought placed the business for future development in the reasonably young market of non-traditional gas expedition and extraction. In addition, the (A) case explains the function of the compensation committee and the business's executive efficiency measurement aspects.
PUBLICATION DATE: January 27, 2010 PRODUCT #: 110047-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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