Drillbits

Just How Big Is That Truck Aubrey?

Aubrey McClendon, Chairman and Chief Executive Officer of Chesapeake Energy purchased 400,000 more shares of CHK last Friday to increase his personal holdings to 32.2 million shares. The average price per share for this $21.97 million investment was $54.96. This is $2.12 more per share than the 600,000 shares he purchased the previous Friday. So far, in 2008, Aubrey has individually invested nearly $142 million in CHK common stock to purchase 3.1 million shares in the open market.