It turns out that it’s not only AIG board members who are going around and handing out giant bonuses to themselves after nearly killing their company. It seems the hottest new trend in America has worked its way into the ownership realm of the NBA.
Aubrey McClendon is one of four men who own the Oklahoma City Thunder — he’s the one who the NBA fined $250K after stating his desire to move the Seattle Sonics to OKC – and he’s also the CEO, chairman, and co-founder of Chesapeake Energy. In October of 2008, McClendon sold his shares of Chesapeake just before the company’s stock completely collapsed, and lost $1.92 billion in the process. That’s a lot of money to lose, so it’s not exactly surprising that he gave himself a $75 million bonus to help offset it.