Harnessing the power of voodoo and other mystical powers, Seattle area basketball fans have begun to extract justice on those who lied, cheated and stole the Sonics:
Aubrey McClendon, CEO of Chesapeake Energy Corp., was the most obnoxious of the den of thieves that stole the SuperSonics from Seattle.
McClendon’s wealth came from 30 million shares of Chesapeake that he had accumulated as CEO. At the peak price of $74, McClendon was worth more than $2.2 billion. At today’s price of $16.52 he is still worth $495 million. Or he would be, if owned any shares.
According to The Oil Drum, Aubrey has involuntarily been liquidated out of his roughly 30 million remaining shares of Chesapeake in the past 3 days due to margin calls. Liquidated. As in flat broke. Nada, zilch, zero.
The spirit of the SuperSonics will not be satisfied until the whole den has been liquidated. One down, several to go.
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Written by lame
Topics: business, off the wall, sports