Wal-Mart, Chesapeake Energy Shareholders Push Back
Posted on June 04, 2012 at 13:14 PM EDT
Investor blowback at Chesapeake Energy (CHK) over management scandals unseated four board members. And some shareholders sent a rare signal of no-confidence to leadership at retailing giant Wal-Mart Stores (WMT) over bribery investigations in Mexico. Chesapeake Energy, the nation's No. 2 natural gas producer, has been wracked by low prices for that fuel, and by news that CEO Aubrey McClendon borrowed as much as $1.1 billion against his stake in
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