employment agreement

Aubrey McClendon Un-wines Collection

The Wealth Report reported that Chesapeake Energy’s CEO Aubrey McClendon recently unloaded a large portion of his wine collection ($2.225 million!) at auction. The top sellers came from Domaine de la RomanĂ©e-Conti, a brand Gary Vaynerchuk has yet to review. Anyways, $2 million sounds like a lot, but is really pocket change when compared to the $75 million incentive award provided in his December 2008 employment agreement with Chesapeake Energy.

Of course, the government sees nothing wrong with companies paying millions in bonuses to executives, unless they are taking TARP money.