Feel sorry for poor Chesapeake Energy filing bankruptcy?

CEO Robert D. “Doug” Lawler found in examining the company’s books a $110 million bill for two parking garages, Faber reported Monday. That was part of about $30 billion in spending above cash flow that happened from 2010-12, while the late Aubrey McClendon was CEO and prior to Lawler taking over in 2013.

Other revelations include a wine collection in a cave hidden behind a broom closet in the Chesapeake office. Extravagances further included a season ticket package to the NBA’s Oklahoma City Thunder that was the biggest in the league and a lavish campus that was modeled after Duke University, complete with bee keepers, botox treatments and chaplains for employees.

In the Chapter 11 announcement, Lawler added that the company is “fundamentally resetting” its capital structure and business “to address our legacy financial weaknesses and capitalize on our substantial operational strengths.”

Peel me a grape!

Beckham housekeepers arrested over theft

David and Victoria Beckham’s housekeepers have been arrested after allegedly stealing items from the couple’s home to sell on eBay. A third person, thought to be the housekeepers’ son, has also been detained in connection with the case…

Reports said Victoria Beckham’s parents, Tony and Jackie Adams, became suspicious about items that seemed to tally with things missing from the house being sold online as “Posh and Becks” memorabilia.

Football boots printed with the names of the couple’s three sons – Brooklyn, Cruz and Romeo – as well as designer dresses and shirts were among some of the items seen on eBay.

The Adams enlisted the help of friends to bid for some items in an attempt to discover the identity of the seller, who claimed to be a relative of a member of staff at Beckham’s football academy.

An eBay spokeswoman said the website was co-operating with police and attemptiong to work out which items were involved in the alleged theft.

She said the site would be able to trace a clear paper trail back to the seller, adding: “Anyone stupid enough to try to sell anything that is not 100% legitimate makes a big mistake when they try to do it on our site.”

If you believe that eBay is especially diligent or successful at preventing the sale of stolen items – I have some oceanfront property in New Mexico to sell you.