Quote Originally Posted by tomokc View Post
If it continued, Chesapeake's uncontrolled spending would have killed the company. It was weakened to the point that Carl Icahn saw the potential of gaining control and breaking the company into pieces and selling them off. THAT would have been the end. That's when true changes began, and they continue.

The restructuring has a long way to go. CHK has too many employees, they are overpaid when compared with their industry peers, and they have significant high-profile real estate that needs to be divested (NHP, CC and others). It will be scary watching the layoffs, cutbacks and property sales, but they will result in a stronger, leaner, better-managed company that will survive.

This is good news.
This is good news...Paying 22 year olds with freshly printed Business Management degrees $70k+ is a recipe for non success