You have successfully jack-hammered this company straight into the dirt. CHK was a ~$10B company when you took over as CEO. For the largest shareholders to be calling for AKM's head then, and not yours now, makes me wonder: how much are you getting in kick-backs from the institutional shareholders who must be shorting the stock since they're not demanding seats on the obviously inept Board so that they can toss you and your overrated group of Anadarcronies?
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Dear Ex-UK’er,
Your strategy of ignoring all direct communication with individual contributors is noticed. Be better.
Below comment is likely our resident Brit in HR. There are real issues that are not caused by or related to the "echo chamber" he uses to explain everything.
It could be someone else if the entire HR department uses the phrase "echo chamber" regularly. Would this mean that HR has now become what they once sought to eliminate? HR is the echo chamber of discussing echo chambers? thelayoff.com is the echo chamber discussing the HR echo chamber discussing echo chambers? We're experiencing inception. I need to find my totem to get out of here.
Dear Ex-CHK’ers,
Move on with your life. This forum is an echo chamber of bitterness and resentment. Be better.
Stock price is reflective of one major thing. DEBT, That was incurred by AKM and his bandits....and the PERSON (ND) that borrowed all that - and see he is still there. There’s your issue folks.
RDL should take a long walk off a short plank.
Lets forget about how badly the Company has been run the last few years and the perception that the CEO has to go. Is there an employee out there that can tell us anything about what they think is going on. Leaking a little good news could be positive for the company and the stock holders. If we can't get the CEO to communicate maybe we can get an employee.
The sad irony is that Chesapeake could have been a much healthier company – fiscally and operationally – at this juncture, were it not for largely wrong-headed decisions regarding whom to layoff and whom to retain over the last few years. All too often, it seems that self-preserving managers take the simplistic approach and decide that higher compensated individuals must go. In the field of insurance and risk management, it's called "adverse selection." At Chesapeake, the approach has resulted in an employee base that's now largely ineffective with regard to improving productivity, profitability, etc., as evidenced by a stock price hovering at a 20-year low.