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Chesapeake Stock Holder Calls for the Removal of Four Board Members
Friday, May 25, 2012    
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He bought stake in the company earlier this month.

After being rumored to have bought stock in Chesapeake Energy, investor Carl Ichan has revealed he owns a little more than 50 million shares of Chesapeake stock or 7.5 percent stake in the company.

Ichan has sent a letter to Chesapeake's board of directors calling on them to immediately replace four board members.

Ichan's letter also says along with the company's funding gap, there is a credibility gap as well.

Chesapeake says it's reviewing Ichan's letter.
 
 
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