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Carl Icahn

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Financier Carl Icahn wrote that the Chesapeake Energy board had failed its basic function of overseeing management in “dramatic fashion.” (Associated Press)

20120604-183328-pic-558207584.jpg

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Financier Carl Icahn wrote that the Chesapeake Energy board had failed its basic function of overseeing management in “dramatic fashion.” (Associated Press)

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FILE - In this Oct. 11, 2007 file photo, activist investor Carl Icahn speaks at the World Business Forum in New York. Activist investor Carl Icahn declared an end to his brief truce with boutique film studio Lions Gate Entertainment Corp. on Tuesday, July 20, 2010, renewing his bid to take over the company and replace its board.(AP Photo/Mark Lennihan, file)