3 Energy CEOs in the Hot Seat
Do you ever get the feeling that CEOs don't give much thought to the fact that you have spent your hard earned cash on their company? Well, it certainly seems that was the case with Sandridge Energy . This past week, the company and its founder and CEO, Tom Ward, went their separate ways after the board nominated CFO James Bennett to Ward's former post. Perhaps now Ward can get together with his former running buddy, Aubrey McClendon, now that he too is no longer tied down to the CEO post at Chesapeake Energy .
As shareholders, we're simple creatures with simple needs: Keep the business strategy simple, keep sales and income growing, don't take on too much debt, and if you have a dividend, maintain or grow that yield. Unfortunately, Sandridge wasn't able to keep to that creed; it took on lots of debt and did a considerable amount of strategy shuffling in the past year. This ultimately led to the demise of Ward.
Now that Ward has been shown the door, who could be the next CEO who will be sent packing? Tune in to the video below where Motley Fool contributor Tyler Crowe joins Fool energy analyst Joel South to discuss three CEOs that may be sitting a little uneasy right now.
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The article 3 Energy CEOs in the Hot Seat originally appeared on Fool.com.Joel South owns shares of SandRidge Energy. Fool contributor Tyler Crowe has no position in any stocks mentioned. The Motley Fool recommends Chevron. The Motley Fool owns shares of Apache and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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