What I’m reading with my morning coffee | 5.29.12

What can Icahn do at Chesapeake? He complained about the board the last time he owned the stock in 2010, and forcing a sale isn’t likely given Chesapeake’s muddled financial structure. In the end, Icahn’s Chesapeake stake puts governance before value. Russian tycoon unexpectedly quits as CEO of TNK-BP. New travails for the troubled joint [...]