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Artvoice Weekly Edition » Issue v11n19 (05/10/2012) » Section: Week in Review

SUNY Shale Institute Funder Fracked by SEC Probe

Last week Aubrey McClendon was removed from his position as chairman of the board of Chesapeake Energy, the company he founded. He remains CEO while the company confirms that the Securities and Exchange Commission continues an “informal” investigation launched on April 26. It is suspected that the SEC’s curiosity surrounds how McClendon borrowed over $1 billion over the last three years using minority shares in Chesapeake wells—a corporate perk he enjoyed called the “Founders Well Participation Program.” The SEC has requested certain documents not be destroyed until they can investigate.


Relative to the Peace Bridge plaza expansion plan Governor Andrew Cuomo supposedly kicked into overdrive in an announcement here last month, you may have wondered who’s going to pay the approximately $15 million in back taxes on the Episcopal Church Home property accrued since the facility was abandoned in light of the proposed expansion a decade and a half ago. Church properties are ordinarily not taxed, but left vacant and no longer in use become subject to taxation.

Bicycle Beauty Pageant

You might think that the phrase “Bicycle Beauty Pageant” would be enough to entice the interest of the Buffalo art and cycling communities. GOBike did. So they asked some of the city’s top local businesses to donate prizes for an event that would feature decorated and manipulated bikes to fit the theme: “Grimm’s Fairy Tales.” Five hundred dollars in donations later, they booked the Buffalo Bike Pageant for June 2 at Campus WheelWorks. And with proceeds going directly to Green Options Buffalo (along with the allure of food and beverages), the members of GOBike are confident they have the fixings for a successful pageant, with the exception of one final element.

Scorecard: The Week's Winners & Losers

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