Wednesday, June 24

CHK: It's All About Priorities

Estimated yearly savings for Chesapeake Energy after laying off 50 Oklahoma City employees, assuming base salary of $50,000, taking into account benefits, office space, et al: $6,750,000

Estimated cost of maps, paintings, etc. purchased by Chesapeake Energy from founder Aubrey McClendon in December 2008: $12,100,000

By my math, it would appear that two years of employment for 50 people < pile of maps.

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