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McClendon’s Secret Hedge Fund Appears To Violate His Fiduciary Duty To Chesapeake

Forbes – Another day, another big, bad revelation about Aubrey McClendon. A tip of the hat to the seven Reuters’ reporters who uncovered this latest story on the $200 million hedge fund that McClendon and co-founder Tom Ward were running inside Chesapeake offices between 2004 and 2008.

No mincing words. From the looks of it, this secret hedge fund appears to be a violation of their fiduciary duty to Chesapeake. “Fiduciary duty” is a term you hear a lot, but what does it mean?

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