Duke University also filed a claim for $9,942,000 which it said was in the form of pledges made by McClendon to the school. It was really surprising. Just eye-balling it, its got to be worth millions.. Said a contemporary who knows McClendon well, If youre competitive like Aubrey, you just always want to own more.. It is no wonder that the McClendon name is so prominent at our university.". They are only partly joking. An Arcadia consultant, Scott Mueller, supervises Ott and at least five other Chesapeake employees working full-time for AKM Operations. Self wasnt the only board member to profit handsomely while supervising McClendon. Katie McClendons cousin U.S. Rep Fred Upton. What to expect of SandRidge Energy this year, Williams to hold question and answer session with shareholders, EIA reports mild winter reduced withdrawals from natural gas storage in the U.S. South Central, Osage Nation fights BIA over mineral rules. Highland Campus In 2009 it totaled $685,669, according to the proxies. . Yet in many ways he still runs Chesapeake the way he did when he co-founded it with 10 employees in 1989. Its becoming clear that the excessive perks and problematic related-party deals that the company discloses, which have long caused concerns among investors, are only the tip of the iceberg, Liu said. But it's a school not mentioned Belle Isle Elementary that McClendon credits as the foundation for his life's success. Perhaps you know a thing or two about Aubrey McClendon, however, how well do you know about him? The chapel organ is named in honor of Katie McClendon. Aubrey K. McClendon, a member of Duke's Fuqua School of Business Board of Visitors, graduated from Trinity College in 1981. Continuing Education Katie holds a J.D. By comparison, Exxon Mobil, the worlds third-most-profitable company in 2011, paid 13 non-executive board members $9.9 million during the same period. At times, former employees said, McClendon was too quick to approve deals. According to internal documents reviewed by Reuters, the units accountants, engineers and supervisors handled about $3 million of personal work for McClendon in 2010 alone. Katie McClendon. An infamous investigative piece on the McClendons by Reuters which talked about his lifestyle, mentioned that gargoyles bearing the McClendons likeness once adorned an arch at a dorm building named for them. Seriously, I think we can sort of give Kate Upton andGame of Warat least a little credit for the invention of the cellphone ad-blocker. She is also the cousin of U.S. Let's Get Started Today!!! An additional $800,000 of the McClendons' gift will fund a new pipe organ in the Goodson Chapel of Duke Divinity School's new Westbrook Building. Called Winsor House, it sits on a cliffside and is officially listed for sale for $13.9 million. To say that he grew up with a silver spoon is wrong, said Chesapeake senior vice president Thomas S. Price Jr., a confidant. Explore how climate education spans disciplines and departments across Duke. 57-year-old Katie McClendon was born Kathleen Upton Byrns in June, 1958 She met her future husband while attending Duke University in the early 80s. Katie was a member of the Chapel Choir during her freshman year, and Aubrey was a volunteer Chapel attendant for several years. I have to be wary when I see this type of pattern of disregarding shareholders best interests, said David Dreman, chairman of Dreman Value Management LLP, which owns about 1 million Chesapeake shares. On June 15, 2010, a Gulfstream 550 jet leased by Chesapeake departed Oklahoma City bound for Amsterdam with three passengers: McClendon and his two sons, Jack, now 26, and Will, 19. If you need step by step instructions, you can find a tutorial. Supervisory Trainer. That's a big statement from a man who, with partner Tom Ward, started Chesapeake Energy Corporation with, from Oklahoma City Police Capt. The strongman, for example, promotes Chesapeakes development efforts in important drilling regions. Like the Manning brothers, McClendon comes from a family of achievers. McClendons personal business affairs are tracked in the low-slung building on the fringe of Chesapeakes corporate campus, where at least six company employees work. All classes are taught online with live trainers. Garrison played a variety of roles. Students must complete the required assignments in order to pass the course. Total cost: $34,000. Katie McClendon Today marks the 500th anniversary of the start of the Protestant Reformation. In a statement released after Aubrey McClendons death, Duke President Richard Brodhead said: Aubrey McClendon was passionate about his family, his business and Duke University. The new organ, being built by Richards Fowkes & Co. of Ooltewah, Tenn., will stand 26 feet tall and contain about 1,900 pipes. Schedule a Complimentary Call. A proponent of good health for his employees, he also hired the 2006 winner of the Worlds Strongest Man contest, Phil Pfister, in part to promote exercise. One Friday in fall 2010, McClendon, his wife and a son flew to the island and flew back to Oklahoma City by Monday. But, at this point, its no longer shocking given the companys pattern of behavior.. In 2009, logs show, Self flew with his family from Oklahoma City to the Grand Caymans. Federalism. "Their most recent gift enables us to move ahead with our West Campus student plaza, assures that magnificent music will grace the new Goodson Chapel and provides vital operating support through the Duke Annual Fund. At Duke, attended by all three McClendon children, a prominent dorm and visitors center carry the family name. In recent weeks, Reuters has reported that McClendon used his stakes in company wells to arrange $1.55 billion in financing from a major financier of Chesapeake and others; that a Chesapeake board member lent money to McClendon; that he sold his share of at least two large energy plays at the same time Chesapeake divested its interest; and that he operated a private $200 million hedge fund from Chesapeake offices. Additionally, you can also sign up to receive specific news from our Business department, which this program falls under. In the wake of Reuters reports that raised questions about his mingling of personal and corporate interests, the board stripped him of his chairmanship. His collection of Oklahoma maps and nearby states would be the envy of the Library of Congress, said Graham Arader, the broker who helped him acquire it. On land steps from the corporate campus, he directed his natural gas company to develop a luxury shopping center. His current compensation could not be learned. He brought family members along for at least 17 of those flights, billed as business expenses and valued at more than $370,000. Candidate for Trustee Perris School District Trustee Area 1 - Tuesday November 8, 2022 Citing the lawsuits, McClendon declined to be interviewed for this story. Paco Balderrama of the Oklahoma City Police Department, McClendon crashed into an embankment while traveling at a high rate of speed in Oklahoma City on Wednesday morning. It was the same year Aubrey graduated. Hell say, No, no, theyve got to be multicolored.. A few months later, a Chesapeake executive approached Benham and said, Aubrey wants you to anchor Classen Curve, a shopping center that McClendon envisioned, located steps from the Chesapeake campus. Given that the accountants and engineers provided an estimated $3 million worth of personal work to the CEO, McClendon would have owed Chesapeake about $2.7 million for services that year. On December 12, 2010 -- a Sunday -- the CEO took five rowers on a one-day trip to San Diego, the flight logs show. They were removed when Katie said they were too ostentatious.. My name is Katie McClendon I am a Business Consultant and Life Coach. McClendon routinely works through weekends, and employees often wake to emails he has sent between midnight and dawn. Travel by relatives in particular has declined, said Paul Hodgson, senior research associate at GMI Ratings, a corporate-governance ratings firm, because the fierce light of disclosure is on them. Chesapeakes use of the perk appears relatively heavy, some experts said. A round-trip flight with 10 friends to Alaska cost Chesapeake shareholders $71,000. On one trip, the clan took flights to Amsterdam and Paris that cost $108,000; McClendon counted the trip as a business expense. McClendon worked hard for everything he has accomplished, friends say, and his competitive drive emerged at an early age. "The West Campus Plaza continues the tradition of support for student life by the McClendon family," Moneta said. Then Aubrey spent the next 40 minutes asking me about my background and strategies for the store, the owner remembered. After being ousted from the Chesapeake Energy Corporation in 2013, the Oklahoman published a list of tributes to the couple, one from a a woman named Linda Horn, mentioned the couples intern programs for kids in Oklahoma. McClendon competed against a boy named Shannon Self, and one day noticed that Selfs younger brother was cutting some of Selfs lawns. On his website, Pfister says hes a man to whom flipping cars, pulling two 18-wheelers or toting tonnage comes naturally.. Dale Zanine-USA TODAY Sports. In another case, Aubrey McClendon might be a stranger, fortunately for you we have compiled all you need to know about Aubrey McClendons biography-wiki, his personal life, todays net worth as of 2023, height, weight, career, professional life, and more facts. He pretty much drove straight into the wall Balderrama added. We will be able to model beautiful music for our students in worship, helping to prepare them for leadership in the churches they will serve after graduation.". Katie McClendon wife of entrepreneur and part-owner of the Oklahoma City Thunder Aubrey McClendon was killed in a single-vehicle-crash on March 2nd, a day after he was charged with conspiring to rig bids for oil and natural gas leases. He is very easy to pitch because his general inclination is to say yes, said one former employee. He founded American Energy Partners in 2013, since then the company has grown to more than 450 employees. Finding a job requires time, a strategic approach, and resources. Please fill out the following form and our Strategies For Today's Jobs program coordinator will contact you directly. The Buffalo Bills and rest of the NFL enter the final day of the 2023 NFL draft. Katie and Aubrey McClendons son Jacklives in Texas with his wife Whitney. The company started buying land around its campus, including half of the neighborhood across the street. He was also co-founder Chesapeake Energy where he served as CEO and chairman. Capt. The company faces IRS and Securities and Exchange Commission inquiries, more than a dozen shareholder lawsuits, and demands for change from its largest investors. Next year, he got Chief Roughneck Award by a subsidiary of United States Steel Corporation. Click on Register Now Under Course Registration and follow steps. First, he bought an $8.6 million home and spent $12 million to renovate it. Click Apply Now under New Students to start your application. Katie is related to Kimberly Kay McClendon and Mark Allen McClendon as well as 2 additional people. This year the company pledged to buy $3 million worth of tickets, and many were distributed to employees and Chesapeake business associates. His contract permits him to take unlimited business or personal flights for free (though he must pay taxes for certain personal flights). At a December hearing, District Judge Richard W. Kirby approved a payment of $391,849.59 in estate funds to pay Blalock for his legal services to the estate. Even if its true that the executives are reimbursing for using company employees, having this kind of relationship with the company is treating it as a personal fiefdom, said Hodgson of GMI Ratings. Join our mailing list and be among the first to know about new and exciting events, lectures and interactive workshops in and around the Austin area. Stay updated like 1,000+ subscribers with our weekly newsletter. A review of proxy statements shows that from 1995 through 2005, while Self served as both a Chesapeake board member and a partner shareholder in successive law firms, those firms billed Chesapeake for $6.3 million in legal work. CALL NOW FOR BOOKINGS OR TO SCHEDULE A CONSULTATION (323) 877-6264 EMAIL: [email protected]. State Courts, Topics: McClendon also had business in wine; he sold 75% of his 10,000-bottle collection in auctions since 2009. Ott also is the registered website administrator for several McClendon personal projects, including one for a massive Lake Michigan resort that has drawn the ire of many townsfolk, and another for a McClendon holding company, Arcadia Resources. Katie McClendon is the heiress of the Whirlpool appliances family and the wife of the former Chesapeake Energy chief who died in the crash of his SUV in March. Katie had already been an alumnus for a year. So prolific were McClendon donations to Duke that the university once honored the couple by commissioning gargoyles in their likenesses, hanging them above an arch on the dorm, McClendon Tower. He inserts commas into press releases and measures the distance between Redbud trees near his office. The Federalist Society. Other Chesapeake board members were such frequent fliers in 2010 that some logged far more personal flights than business flights on company-leased jets, internal documents show. When McClendon put a vast Oklahoma ranch up for auction, he had Ott handle the matter. Leanora Minai of OCS is the editor of the 'Working@Duke' edition. Beginning about six or seven years ago, McClendon, through Chesapeake, helped lead a concerted effort to remake Oklahoma City. Our Standards: The Thomson Reuters Trust Principles. "It will be wonderful to have a great organ in the Goodson Chapel, so close to the magnificent organs of Duke Chapel. At one point, claims against the estate amounted to millions of dollars including by by Oaktree SC AE SCOOP Holdings LLC which totaled $136,500,000. All Rights Reserved. They have also lived in Nashville, TN and Cookeville, TN. Important Notice: Both new and current ACC students can register online using the information and instructions found here. I am proud of my track record in this industry, and I will fight to prove my innocence and to clear my name. Aubrey McClendon added that he felt he had been singled out by the investigation. The most recent filing by his estate's attorney Thomas J. Blalock asked for additional time to allow or reject certain creditor claims. He also loves to collect antique maps of Oklahoma and has got various motorboats. For example, McClendon holds an interest in a local restaurant, Metro Wine Bar & Bistro, which occupies space owned by a Chesapeake subsidiary. Duke University's new student plaza and divinity school chapel are among university priorities that will benefit from a $6 million gift by alumni Aubrey and Katie McClendon, President Richard H. Brodhead announced Thursday. McClendon, an Episcopalian, sometimes invokes religious themes at work. You can pick up the paper every day and read something negative about me or about the company, McClendon told his employees during the May meeting. How about his height and weight, moreover his net worth? Once largely defined by a tragedy -- the domestic terrorist bombing of the Alfred P. Murrah Federal Building in 1995 -- the state capital is now emerging as a center of sports and culture. The alleged conspiracy took place between December 2007 and March 2012. People familiar with the process said the arrangement could amount to a 12-month loan because McClendon does not need to reimburse the company until the end of the year. That boom has reduced American reliance on foreign energy and enriched his company and his hometown. View the profiles of people named Katie McClendon. Katie McClendon is the heiress of the Whirlpool appliances family and the wife of the former Chesapeake Energy chief who died in the crash of his SUV in March. Classes are designed for participants with a wide range of backgrounds, from internship and apprenticeship candidates, and students entering the workforce for the first time, to community members with career gaps, as well as those with rich and varied professional backgrounds re-entering the workforce or re-careering. Katie McClendon is the Director of Publications at the Federalist Society, where she has worked since 2015. Benham said Chesapeake is choosy. I dont exactly know the origins of it and I dont exactly know when it ends, but I know that it will end, and we will emerge stronger. Contact Katie McClendon for more information or for help registering for the class: Katie McClendon, Manager, Today's Jobs [email protected] 512-223-7488 Back to Top Business Construction of the 40,000-square-foot plaza began this summer and is scheduled to be completed by fall 2006. Learn more. Neither loan has been previously disclosed. Here's what you need to know: 1. He helped pick the kind of peanuts served at a restaurant he owns. According to a 2011 job posting, the chaplains provide confidential career, marriage, parenting and substance-abuse counseling as well as spiritual consultation.. He was also an outspoken advocate for natural gas for oil and coal fuels. According to internal emails and former executives, Chesapeake began paying above-market prices to squeeze out competitors. Students will learn about the job search process from start to finish, get real practice with stages of the application process, and access to tools like JobScan, Big Interview, YouScience, and Handshake. Most of the accounting work is performed by the special AKM unit. He was founder and chief executive officer of American Energy Partners.Previously, Mr. McClendon was co-founder, chairman and CEO of Chesapeake Energy Corporation from 1989 until 2013 which is Americas second-largest natural gas producer. Jun 2018 - Present4 years 11 months. The same Reuters investigation said that Katies husband got a store in Oklahoma to ship a dress from Japan for his wife in 48 hours. Chesapeake regularly discloses that McClendon receives personal accounting and engineering support from company employees; his contract allows him to use company facilities for his personal businesses, investments and activities. But the scope and sophistication of the support, including AKM Operations, is not broken out in public disclosures. Chesapeake executives, board members and their families also take what the company characterizes as personal flights. McClendon also owns a $12 million collection of antique maps that fill the walls of Chesapeake buildings. At Nichols Hills Plaza, the energy company is planning to go into the grocery business itself, internal records show. Our friendly registration staff is here to provide assistance. Garrison retired late last year and is now a contractor for the AKM unit. Katie McClendon Clinical Associate Professor, Assistant Dean for Student Services--Jackson They earn modest salaries -- $30,000 to $40,000, plus benefits -- and are assigned to departments such as finance and community relations. Our condolences to Katie McClendon and the rest of her family and friends. why did sirens kill sailors,
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