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Tom L. Ward


Self Description

Third-Party Descriptions

July 2012: '· For a time, McClendon operated a $200 million hedge fund that traded in oil and gas contracts. Experts have called this problematic since insider knowledge that McClendon gained as head of Chesapeake could have helped boost his personal profits at the expense of the company. Tom Ward, Chesapeake’s co-founder and McClendon’s hedge fund partner, has denied there was a conflict of interest. “We did not use any proprietary knowledge of (Chesapeake) trades to make our own individual decisions,” he told Reuters. Forbes has more on the potential breach of duty created by the fund, the existence of which wasn’t disclosed to shareholders.'

http://www.propublica.org/article/chesapeake-energy-cheat-sheet-whats-been-uncovered-so-far

Relationships

RoleNameTypeLast Updated
Organization Head/Leader (past or present) Founder/Co-Founder of Chesapeake Energy Corporation Organization Jul 9, 2012
Owner of (partial or full, past or present) Professional Basketball Club Organization Jul 9, 2012
Cooperation (past or present) Colleague/Co-worker of (past or present) Aubrey Kerr McClendon Person Jul 9, 2012

Articles and Resources

Date Fairness.com Resource Read it at:
Jul 05, 2012 Chesapeake Energy Cheat Sheet: What’s Been Uncovered So Far

QUOTE: Reuters took aim at [Chesapeake]’s flamboyant chief executive, Aubrey McClendon, in a series of articles, prompting his ouster as company chairman (he remains CEO) last month...The company was rocked anew last week when the news agency disclosed a series of email exchanges in which McClendon and other Chesapeake executives appeared to collude with officials at EnCana Corp., Canada’s largest natural gas company, to suppress the price of land leases in Michigan.

 ProPublica