Chesapeake discloses such travel but only for board members and a few top executives. Chesapeakes expansion in Oklahoma City stretches far beyond Classen Curve. It is legal if properly disclosed, though personal trips can be subject to income tax. This is not a particularly connoisseur-y cellar, said Benjamin Wallace, the best-selling author of The Billionaires Vinegar, who reviewed McClendons wine roster. Since co-founding Chesapeake in 1989, McClendon has grew the company to 12,000 employees. The jet travel is an indicator of wider troubles at the company, said John Liu, the comptroller for New York City, which holds 1.9 million shares of Chesapeake stock. Why would he be interested?. Katie McClendon - Supervisory Trainer - Austin Community College - LinkedIn Meantime, the board is investigating ties between McClendons personal financial transactions and Chesapeakes. Even at rest, McClendon remains competitive. The alleged conspiracy took place between December 2007 and March 2012. Katie McClendon Clinical Associate Professor, Assistant Dean for Student Services--Jackson document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2009-2018 PlayerWives.com, All Rights Reserved. Beyond the mixing of personal and professional, another theme emerges from interviews and records: McClendons seemingly insatiable desire to own more and more -- of everything. 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. 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. Aubrey K. McClendon, a member of Duke's Fuqua School of Business Board of Visitors, graduated from Trinity College in 1981. From fashion shops to food, McClendons vision is reshaping the area near Chesapeake and Nichols Hills. He was a History graduate with a minor in accounting. He has graduated from Duke University in the year 1981 with Bachelor of Arts in history. Although McClendons net worth is pegged by Forbes at $1.1 billion, he has mortgaged much of what he owns: the restaurants, the wine, the boats, the homes, proceeds from three accounts at Goldman Sachs, his stake in private companies and his stake in thousands of Chesapeake wells. 512-223-0124 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. Matthew Kenney OKC offers gourmet raw vegan meals. Friends and family, the contract says, also fly for free. COVID-19 New Policies Effective 08/20. He was forced to sell nearly all his Chesapeake shares in a 2008 margin call. 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. Some engineers spent mere hours; one logged more than 100 eight-hour days. She is a fellow of the John Jay Institute and the Blackstone Legal Fellowship. Katie McClendons grandfather, Frederick S. Upton, was the founder of Whirlpool. 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. We grieve with Katie, Will, Callie and Jack, as we also celebrate his legacy at Duke and beyond. You may register for classes following the directions above for current students after you get to the point in the application where you have set up your ACC ID, Password, and Email.- If you need step-by-step instructions, you can find a tutorial. Closer to home, McClendon pursues another of his passions: the Oklahoma City Thunder, the NBA franchise in which he owns a 19 percent stake. Learn More. Friends and colleagues say land is another preoccupation. 6101 Highland Campus Dr. 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. Oversee job search strategy curriculum, instruction, and assessments for students and members of the community to . McClendon's Widow Unloading $14 million Mansion in Bermuda The chapel organ is named in honor of Katie McClendon. 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.". Program Coordinator: Katie McClendon @ 512-223-7488 | katie.mcclendon@austincc.edu Accelerated Job Search Training. Until last year, Chesapeake employee John Garrison was the highest-paid person working with AKM Operations. They earn modest salaries -- $30,000 to $40,000, plus benefits -- and are assigned to departments such as finance and community relations. He had denied the charges against him. In 2009, logs show, Self flew with his family from Oklahoma City to the Grand Caymans. DURHAM, N.C. - A tower that is part of the "signature element" of Duke University's new 350-bed student residence hall complex will be named for alumni Kathleen Byrns McClendon and Aubrey K. McClendon, Duke President Nannerl O. Keohane announced Wednesday. Katie is related to Kimberly Kay McClendon and Mark Allen McClendon as well as 2 additional people. We dont have the money to do it and he does, the mayor said, interchanging, as many locals do, McClendon for Chesapeake. Important Notice: Both new and current ACC students can register online using the information and instructions found here. 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. The company faces IRS and Securities and Exchange Commission inquiries, more than a dozen shareholder lawsuits, and demands for change from its largest investors. Mar 15 2017 The Federalist Paper The Federalist Paper, Spring 2017 Katie McClendon The past couple of months have been a busy time in American politics and law.. Dec 8 2016 Federalist Society Review 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. McClendon used to live in Oklahoma City along with his wife named Kathleen Up to Byrns. Benham found the dress in Japan -- a Salvatore Ferragamo -- and had it shipped to Katie McClendon within 48 hours. Corporate plane use for business and personal flights is considered a prime perk for American executives and board members. It is no wonder that the McClendon name is so prominent at our university.". 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. The Inner Thoughts of An Imperfect Coach: "Because You Don't Have to be Perfect, To Help Others Succeed." Some reports suggest, Aubrey McClendon -who was 56 -might have committed suicide. Highland Campus Email Melissa Reyes ( melissa.reyes@austincc.edu) to register for the Estrategias para los Trabajos class. We believe Duke is an exceptionally well-run institution, and we look forward to further philanthropy at the university in the years to come.". The Duke Chronicle reported that the specific amount given to the school was $16 million. But it's a school not mentioned Belle Isle Elementary that McClendon credits as the foundation for his life's success. There are some areas in our business where creativity is not particularly welcome -- for instance, if youre an accountant.. In the year 2011, he was also awarded the Ernst and Young National Entrepreneur of the year in energy resources. It was really surprising. To McClendon, every detail matters, said his minister, the Reverend Patrick Bright. Aubrey McClendon's estate remains unsettled - Oklahoma Energy Today The new plaza will be used for both student and alumni activities, but its primary function is to provide outdoor space for interaction among members of the Duke community, said Larry Moneta, Duke's vice president for student affairs. Some reports suggest, Aubrey McClendon who was 56 might have committed suicide. Bermuda, where the McClendons own vacation properties, was also a favored destination. Duke Today is produced jointly by University Communications and the Office of Communication Services (OCS). Newfield Wraps up $380 million Sale of Texas Holdings, Latest Aubrey McClendon Estate Fight Focuses on Alleged Conflict of Interest. He helped pick the kind of peanuts served at a restaurant he owns. 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. First, he bought an $8.6 million home and spent $12 million to renovate it. Then McClendon mortgaged much of it -- and bought more. Katie sang in the chapel choir during her time at the school. 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. Katie Marie McClendon | Voter's Edge California Voter Guide At its February meeting, Duke's Board of Trustees voted to name the . Among other tasks, the units controller once helped coordinate the repair of a McClendon house that was damaged by hailstones. He was a graduate of Duke University and also founded the American Clean Skies Foundation. Chesapeake kept mum about its plans. Katie McClendon | The Federalist Society All Rights Reserved. The original probate filing was made March 18, 2016, 16 days after McClendons death. The existence and scope of AKM Operations, for instance, hasnt been previously reported. Every six months he spends the bulk of a week in meetings to personally consider proposed bonus payments to hundreds of employees. Already, it is under contract according to the Royal Gazette. There werent a lot of questions., Last fall, McClendon held forth on his business philosophy during a forum on creativity and conscious capitalism., Ive always been comfortable thinking things through and doing it, more or less, my way, McClendon said. She's Related to Kate. Additionally, you can also sign up to receive specific news from our Business department, which this program falls under. According to Forbes, he owned a 20% stake in the NBAs Oklahoma City Thunder. In 2010, Chesapeake employees spent more than 15,000 hours working on McClendons personal projects, according to internal records reviewed by Reuters. 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. His generosity helped transform Duke in ways large and small, from his commitment to enhancing student life on campus, to his support for the Duke Chapel, to his love of Duke athletics. Austin, Texas Area. Aubrey McClendon's wife Katie McClendon - PlayerWives.com Katies grandfather was Frederick Upton, who founded the Whirlpool Corporation, with his brother Louis in 1950. Kate McClendon Profiles | Facebook Aubrey and Katie McClendon Give $6 Million to Duke for - Duke Today the couple has donated to Duke University, Katie herself is a board member of both the OK Historical Society and the OK Museum of Art. As a co-owner of the Thunder basketball team, McClendon sits in the front row at games. Meet Katie McClendon. Oklahoma businessman Aubrey McClendon "pretty much drove straight into [a] wall," killing himself instantly on March 2. 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. At Duke, attended by all three McClendon children, a prominent dorm and visitors center carry the family name. Her husband donated roughly $15 million to Duke University, his and his wifes alma mater. 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. He wants to reshape things.. Personal use of corporate jets has abated since the SEC imposed stricter reporting rules in 2006. When Forbes put his face on the cover last fall and declared him Americas Most Reckless Billionaire, Chesapeake posted the story on its website. Reuters reviewed internal company logs, which list specific flights and include dates, airports and passenger lists. In 2010 the company covered $250,000. He does not reimburse the company for secretarial or general administrative support, according to his contract. According to a proxy, another restaurant McClendon co-owns, Deep Fork, catered Chesapeake events in 2007 and 2008 at a cost of $390,000. Leaving church one Sunday, McClendon spotted a low-hanging tree branch that posed a traffic hazard. "Duke changed our lives in many important ways, and we are hopeful that through our giving back to Duke, we can help enhance the lives of today's Duke undergraduates. He has been one of the most influential CEOs of his generation, credited and sometimes cursed for championing the drilling technique known as hydraulic fracturing, or fracking. He acquired a mansion on billionaires row in Bermuda and later added a larger estate. For himself, McClendon bought his neighbors house near Oklahoma City and then the one behind that. Katie McClendon (m. 1981-2016) Children: Yes (Callie McClendon, Jack McClendon, Will McClendon) . The chaplain positions are among Chesapeake jobs that reflect McClendons passions. On his website, Pfister says hes a man to whom flipping cars, pulling two 18-wheelers or toting tonnage comes naturally.. Before I finished saying goodbye to everyone, I had an email from Aubrey, the minister recalled. All classes are taught online with live trainers. They have three children whose names were Jack, Callie, and Will. If you've completed this program, we want to hear how we did - for better or worse! They are only partly joking. With this latest gift, the McClendons' financial support for the university totals more than $16 million. He earned $800,000 in salary and bonuses, plus another $1 million in equity compensation. OKLAHOMA CITY (Reuters) - In an annex at the headquarters of Chesapeake Energy Corp, a unit informally known as AKM Operations manages a top company priority: the personal business of its namesake, Chief Executive Aubrey K. McClendon. McClendon is often portrayed as a visionary -- a Mellon or Rockefeller of his time: Chesapeakes geologists helped identify North American basins that may hold a hundred-year supply of natural gas. Oklahoma City Thunder Aubrey McClendon's wife Katie McClendon married him in 1981 after meeting at Duke University. "Aubrey and Katie have long supported residential student life needs, a core component of the Duke experience," Brodhead said. The company plans a major renovation, said Nichols Hills Mayor Sody Clements. 10+ "Katie Mcclendon" profiles | LinkedIn Across the street from the corporate campus, McClendon co-owns Irmas Burger Shack, often filled with Chesapeake employees during the lunch hour. Total cost: $27,000. McClendon is generous with his money. According to logs reviewed by Reuters, the trio was joined by. The historian and the Worlds Strongest Man, who each earn more than $100,000, have other duties at Chesapeake. Katie is a cousin of Michigan U.S. Rep Fred Upton and he is an uncle of model Kate Upton. McClendons fate will have implications well beyond Chesapeake. That boom has reduced American reliance on foreign energy and enriched his company and his hometown. Call To Learn More 1-855-850-2525 bottom of page . Arcadia Resources also acts as a Chesapeake contractor. Hattiesburg, MS - Katie Rose Woods McClendon went to be with her Lord and Savior on January 11, 2020, after 101 years of a life well lived. How is it you can make decisions so quickly? He said, I make hundreds of decisions every day. Special Report: The lavish and leveraged life of Aubrey McClendon At Oklahoma, the McClendon Center for Intercollegiate Athletics is adjacent to the football stadium, and the McClendon Honors College is named after McClendons parents. Miles Sanders girlfriend Stephany Caraballo. As of 2023, The net worth of Aubrey McClendon is $500 million which he has managed to earn through the petroleum industry. Miller did not respond to requests for comment. Chesapeake is now a Fortune 500 company with 13,400 employees. 512-223-7488, 512-223-7542 He was also an outspoken advocate for natural gas for oil and coal fuels. Katie McClendon - Address & Phone Number | Whitepages In no small part, that revitalization was fueled by McClendons vision and his commitment to the community and to Chesapeake. Restaurants he has co-owned occupy buildings owned by the energy company. Katie McClendon | Commentary | The Federalist Society They could fill the place up tomorrow, he said, but they want a certain type of tenant.. Katie McClendon, BA, CPLC, CDVC - Nonprofit Consultant - LinkedIn This award is given to the people who do something special in the petroleum industry. Supervisory Trainer. Soros fellowship winners Shomik Verma and Anna Li. Mueller reports directly to McClendon. In Oklahoma City, market value is based on recent sales data, said Larry Stein, the countys chief deputy assessor. Until just a few weeks ago, when pay and perks were curtailed in response to public scrutiny, the Chesapeake board was one of the most generously paid in the U.S. oil and gas industry, according to a review of proxy statements. Strategies for Today's Jobs! | Career Services | Austin Community On the last screen during registration, select "Register Now" from the drop-down menu, select a payment option, and then click the submit button to receive a registration confirmation. McClendon also had business in wine; he sold 75% of his 10,000-bottle collection in auctions since 2009. Katie Mcclendon is an individual who has become a celebrity by his charismatic works. She was born in Nashville, Tennessee, on September 6 . Strategies for Today's Jobs offers job search training coupled with personalized career coaching to increase employment opportunities and outcomes. Youre fine. Paco Balderrama. The company had a revenue of $20.9 billion in 2015. Most of the accounting work is performed by the special AKM unit. Chesapeake built two of the venues signature attractions, the sleek $3 million Chesapeake Boathouse and glass-sheathed $7 million Chesapeake Finish Line Tower. By John Shiffman, Anna Driver, Brian Grow. He was also co-founder Chesapeake Energy where he served as CEO and chairman. Total round-trip cost to shareholders: $34,000. The society blog The Lost Ogle wrote a post enquiring if he had disinvited some of his friends from his wedding. Total cost: $34,000. The new organ, being built by Richards Fowkes & Co. of Ooltewah, Tenn., will stand 26 feet tall and contain about 1,900 pipes. The most recent filing by his estate's attorney Thomas J. Blalock asked for additional time to allow or reject certain creditor claims. 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. Students dance during Cafune at the LDOC concert. Aubrey McClendon Dead: 5 Fast Facts You Need to Know, Katie McClendon, Aubreys Wife: 5 Fast Facts You Need to Know, Copyright 2023 Heavy, Inc. All rights reserved. Chesapeake executives, board members and their families also take what the company characterizes as personal flights. The AKM unit is supplemented by scores of Chesapeake engineers who, among other duties, help calculate McClendons reserve holdings in a special incentive program that gives him a chance to invest in every well the company drills. In another case, Aubrey McClendon might be a stranger, fortunately for you we have compiled all you need to know about Aubrey McClendon's biography-wiki, his personal life, today's net worth as of 2023, height, weight, career, professional . Austin, TX 78752, June 30 @ 9:00 AM ACC Summer Enrichment Camps, December 31 @ 11:59 PM 50% Off Select CE Programs. General manager Chris Grier is currently set to make. 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. 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. Katie McClendon - Clinical Associate Professor, Assistant - LinkedIn Katie McClendon net worth - Fabwags.com Our condolences to Katie McClendon and the rest of her family and friends. Four years after noted Oklahoma oilman Aubrey McClendon died in a fiery crash of his SUV into a concrete bridge abutment in north Oklahoma City, his estate is still being settled in Oklahoma County Probate Court. It was once, the most active driller and fracker in the U.S., with unmatched assets in shale gas plays like the Haynesville, Marcellus and Utica. Let's Get Started Today!!! He approached the co-owner, Bob Benham. The CEO takes the long view, projecting optimism and self-confidence. McClendon worked hard for everything he has accomplished, friends say, and his competitive drive emerged at an early age. Facebook gives people the power. The couple lived in the Nichols Hills neighborhood of Oklahoma City. Stay Current By Signing Up For Our Mailing List. Finding a job requires time, a strategic approach, and resources. At Nichols Hills Plaza, the energy company is planning to go into the grocery business itself, internal records show. . Classes are designed for participants with a wide range of backgrounds, from . Contact the program coordinator for further assistance. He served as treasurer of the McClendon Family Foundation, a 501c3 charity. 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. View the profiles of people named Kate McClendon. Katie graduated in 1980. He holds 19 percent of a team valued at $350 million. Kate Upton Interview | Oklahoma City Thunder, Despite trailing by 16 points late in the third quarter, the Oklahoma City Thunder won their 14th straight game at home tonight. This has led him to achieve the position of one of the richest persons in the world. The episode served as an early example of McClendons penchant for collecting smart and loyal friends and keeping them close. Self wasnt the only board member to profit handsomely while supervising McClendon. McClendon discovered that his competitor had sub-contracted the work to his brother. 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. Katie Upton became Katie McClendon in 1981. McClendon, an Episcopalian, sometimes invokes religious themes at work. McClendon was 56 years old. But twice, McClendon has pledged his share of future proceeds from the Thunder as collateral for loans, from Bank of America in 2009 and Wells Fargo in 2010, according to records reviewed by Reuters. Top 50 prospects still available for Day 3 of 2023 NFL draft The chapel organ is named in honor of Katie McClendon. Though, he was 6 ft 1 inche tall, he weighs about 70 kg. His current compensation could not be learned. Washington D.C. Metro Area. Dale Zanine-USA TODAY Sports. Several claims are outstanding include those by Arcadia Capital, BancFirst, dHybrid, Inc. and SCC Funding, LLC. 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. Citing the lawsuits, McClendon declined to be interviewed for this story. We are here for you, the student, and your feedback allows us to continually improve our programs and strive for excellence. Ive gotten pretty good at it. State Courts, Topics: "It will be wonderful to have a great organ in the Goodson Chapel, so close to the magnificent organs of Duke Chapel. Yet in many ways he still runs Chesapeake the way he did when he co-founded it with 10 employees in 1989. The Oklahoma City-based Chesapeake Energy, the 2nd largest producer of natural gas and the 11th largest oil producer in the U.S. Become a key member of tomorrow's workforce by preparing today! McClendon competed against a boy named Shannon Self, and one day noticed that Selfs younger brother was cutting some of Selfs lawns. The agreement also calls for Chesapeake to pay a portion of the accounting and engineering work as part of McClendons annual compensation. In a statement after first being charged with big rigging and anti-trust offenses, Aubrey McClendon said, All my life I have worked to create jobs in Oklahoma, grow its economy, and to provide abundant and affordable energy to all Americans. Though he is not in this world now but he is remembered as one of the best entrepreneurs of his time. It was the same year Aubrey graduated. More than half were purchased at prices well above the assessed market value. This can be retrieved. Will Mcclendon is apparently not yet married although he has a girlfriend, Finn Leslie, he lives in Durham, North Carolina. For a time, McClendon also owned yet another neighboring house. He has a hobby of collecting wine bottles, and till now he has got a personal wine collection of more than one lakh bottles. Our program coordinator is here to answer any questions you may have. 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. from the University of Pennsylvania Law School and a B.A. Our comprehensive course curriculum provides an accelerated pathway to succeed in Austin's competitive job market. One Chesapeake document reviewed by Reuters showed McClendon reimbursed the company for the difference. Two-Sport All American Dick Groat Dies at Age 92, Two Alumni Win Soros Fellowships for Graduate Study. Sinclair Realty in Bermuda has listed the home, describing it as "one of the very best beachfront settings in Bermuda." Aubrey McClendons wifeseems like a very nice person to me. McClendon has poured Chesapeake resources into another love: rowing. Join Facebook to connect with Katie McClendon and others you may know. The Federalist Society Review is the legal journal produced by the Federalist Society for Law What is the Original Meaning of the Indian Commerce Clause. 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. He is a famous American Businessman, founder and chief executive officer of American Energy Partners, LP. Need help? Then Aubrey spent the next 40 minutes asking me about my background and strategies for the store, the owner remembered. To be honest, it was a really hard way to walk.
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