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Chesapeake had a program called the Founder Well Participation Program, which allowed the McClendon to buy 2.5% stake in the company-operated wells as part of his compensation.
FORBES: What Lies Ahead For Chesapeake As McClendon Exits?
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When I boarded the ship, the co-founder of the program, Daniel Epstein, explained to me the unique criteria he sought for the chosen entrepreneurs.
CNN: Entrepreneurs take to the seas for inspiration
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Aubrey McClendon, who has been granted access to invest in all the wells the company drills, agreed to end the Founder Well Participation Program (FWPP) on June 30, 2014, 18 months before it is scheduled to run out on December 31, 2015.
FORBES: Chesapeake CEO McClendon To Give Up Chairmanship, End Well Investment Program Early