Thread regarding Chesapeake Energy Corp. layoffs

Careful With Your Long Term Incentives

Just heard from the Powder River Basin that the employees will have to forfeit their long term incentives with the sale to Continental. 2021 LTI will not be paid out at all and will not receive any portion of the 2022 LTI. Reminds me of the South Park episode “…and it’s gone”, this time because it went up too much. The only decent year to hold Chesapeake stock in the decade and they ask these employees to buy back in at the top with a new company, I’d be pi---d. ‘You’re all shareholders until we inform you that you have simply working to better our equity holdings and you receive nothing.’

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Core values? Lol what core values? They wonder why everyone is always jumping ship.

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