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 (NYSE: SD). 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 (CHKA.Q).
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.
