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Oct 13, 2015

Special Report: As hotel project broke budget, insiders pointed to role of CEO’s wife

MIDLAND, Michigan (Reuters) – When Dow Chemical Co began renovating the hotel it owns here, the industrial giant spared little expense.

From 2006 through 2008, Dow turned the former Ashman Court Hotel into a luxury destination. Out went the tile in the lobby. In the rebranded H Hotel, guests walk on Crema Marfil marble from southeast Spain.

Oct 13, 2015

As hotel project broke budget, insiders pointed to role of CEO’s wife

MIDLAND, Michigan, Oct 13 (Reuters) – When Dow Chemical Co
began renovating the hotel it owns here, the industrial giant
spared little expense.

From 2006 through 2008, Dow turned the former Ashman Court
Hotel into a luxury destination. Out went the tile in the lobby.
In the rebranded H Hotel, guests walk on Crema Marfil marble
from southeast Spain.

Sep 22, 2015

Exclusive: Super Bowls and fine wines – Document describes world of Dow CEO

NEW YORK/ATLANTA (Reuters) – Running a Fortune 500 company is a high-pressure occupation. But as documents from Dow Chemical Co suggest, the CEO job can offer some luxuries as well.

Dow’s Andrew Liveris has had the company arrange Super Bowl getaways and other trips for himself, family and friends. According to an internal report, Liveris went on to instruct an aide, in January 2010, not to inform a group of Dow customers invited to that year’s Super Bowl that he too would be there.

May 6, 2015

Special Report – Dow’s top auditor challenged CEO on spending for years, documents show

MIDLAND, Michigan (Reuters) – Just before he left the company almost two years ago, the former chief auditor at Dow Chemical Co sent a two-page memo to his boss. It was labelled “DOW CONFIDENTIAL.”

In the July 31, 2013 memo, which has never been made public, Doug Anderson detailed concerns that he feared could put Dow in legal peril. Almost all these concerns revolved around Dow’s high-profile chief executive, Andrew Liveris, and whether Dow may have misled shareholders and U.S. regulators about projects or expenses linked to the CEO.

May 6, 2015

Dow’s top auditor challenged CEO on spending for years, documents show

MIDLAND, Michigan, May 6 (Reuters) – Just before he left the
company almost two years ago, the former chief auditor at Dow
Chemical Co sent a two-page memo to his boss. It was labeled
“DOW CONFIDENTIAL.”

In the July 31, 2013 memo, which has never been made public,
Doug Anderson detailed concerns that he feared could put Dow in
legal peril. Almost all these concerns revolved around Dow’s
high-profile chief executive, Andrew Liveris, and whether Dow
may have misled shareholders and U.S. regulators about projects
or expenses linked to the CEO.

Apr 24, 2015

Chesapeake reaches $25 million Michigan settlement over leasing charges

By Brian Grow and Joshua Schneyer

(Reuters) – Chesapeake Energy Corp, the second largest U.S. natural gas producer, will create a $25 million compensation fund as part of a settlement on Friday of antitrust, fraud and racketeering charges brought by the state of Michigan, according to terms of the settlement reviewed by Reuters.

In addition to the compensation fund, Chesapeake agreed to plead no contest to one count each of attempted antitrust violation and false pretenses, both misdemeanors. Under terms of the agreement, the court will dismiss those charges after 11 months if Chesapeake adheres to the settlement terms. All other criminal charges will be dismissed by the state. Chesapeake did not admit to wrongdoing.

Apr 14, 2015

Major AEP investor settles Chesapeake trade secrets lawsuit

April 14 (Reuters) – Energy & Minerals Group (EMG), which
has invested billions in oil and gas ventures with former
Chesapeake Energy Corp Chief Executive Officer Aubrey
McClendon, has moved to extricate itself from a lawsuit filed by
Chesapeake alleging McClendon stole its trade secrets and used
them to build up his new businesses.

Houston-based EMG, a private investment firm led by John
Raymond, said on Tuesday it reached an agreement with Chesapeake
to remove American Energy-Utica (AEU) and unnamed investors from
the lawsuit Chesapeake filed in February against McClendon’s new
firm, American Energy Partners (AEP) and affiliates. American
Energy-Utica is an oil and gas venture controlled by EMG focused
on the Utica shale play.

Feb 17, 2015

Chesapeake alleges founder McClendon stole “trade secrets” to start new firm

OKLAHOMA CITY, Feb 17 (Reuters) – Chesapeake Energy Corp
filed suit Tuesday alleging its founder and former chief
executive, Aubrey K. McClendon, stole confidential company data
during his last months on the job in order to launch his new oil
and gas empire.

McClendon, 55, “misappropriated highly sensitive trade
secrets from Chesapeake” and “subsequently used these trade
secrets for the benefit of” a company he founded in 2013,
American Energy Partners LP, according to the civil complaint
filed by Chesapeake in Oklahoma County District Court.

Dec 4, 2014

Special Report: Powerful antibiotic for cows often misused by farmers

NEW YORK/ATLANTA (Reuters) – It is one of the most potent antibiotics used by U.S. cattle and dairy farmers, the key component in the top-selling drug line of Zoetis, the world’s largest animal health company.

But the strength of the antibiotic ceftiofur – and the frequency with which it’s being misused on farms across America – has created a threat to human health that may overshadow the drug’s effectiveness, a Reuters examination shows.

Dec 4, 2014

The spread of an antibiotic-resistant ‘superbug’

Dec 3 (Reuters) – A week after grilling hamburgers in his
backyard in November 2011, business consultant Kenneth Koehler
became violently ill. He suffered stomach pains, diarrhea and
nausea – and rushed to the hospital emergency room in Biddeford,
Maine.

Days later, his doctors told him that his burger was
contaminated with Salmonella Typhirium, a strain commonly found
in ground beef.