One early trend in 2013 was the increased pressure from activist investors in overthrowing CEO wildcatters in the oil and gas space. The most notable changing of the guard occurred at Chesapeake Energy (NYSE: CHK ) , where CEO Aubrey McClendon stepped down in April. SandRidge Energy (UNKNOWN: SD.DL ) CEO Tom Ward soon followed his former business partner and stepped down after TPG-Axon waged a proxy battle against him.
With the dust settled, shareholders should feel encouraged by the changes the new regimes have enacted at both Chesapeake and SandRidge. Check out the following video to see where both these companies are headed in 2014.
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