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RSS FeedsChesapeake Energy transformation of OKC came with a price
(WorldNews Business)

 
 

5 july 2020 09:30:53

 
Chesapeake Energy transformation of OKC came with a price
(WorldNews Business)
 


The future for Chesapeake Energy may be uncertain, but the company`s impact on Oklahoma City, much of it shaped by founder Aubrey McClendon, is extensive. When calculating the company`s investment in local businesses, real estate, its own campus and charitable giving, the amount approaches $1 billion or more. But that civic transformation coincided with a ballooning debt that continued to haunt the company as it filed last week for bankruptcy protection. Chesapeake Energy was just another start-up when it was founded by McClendon and Tom Ward in 1983 with just $50,000 and an office in a business park designed to resemble Colonial Williamsburg. They were both in their early 20s, starting out...


 
16 viewsCategory: Business
 
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