Chesapeake Energy – one of the largest US independent natural gas producers – continues restructuring in the wake of founder, chairman and CEO Aubrey McClendon’s departure. The company just let go 4 top executives, including the COO, EVP of production, SVP of drilling and SVP of human and corporate resources.

“Termination without cause would provide Dixon [COO] with compensation estimated at nearly $12 million, while Fisher’s [EVP of production] compensation package is estimated at more than $5.6 million, according to Chesapeake’s most recent filing,” as reported by The Oklahoman.

Mark Mattingly of Jeromesville, Ohio made the following comment in response to The Oklahoman article:

“The people they let go were long term hired by A Mc [Aubrey McClendon] and were probably way overpaid. Cost cutting for the company future hope they sell naming rights of the stadium and sell the box seats all the BS a Company does not need!”