Sue Ogrocki
FILE- This photo, shows a Chesapeake drilling rig near Bessie, Okla. (AP Photo/Sue Ogrocki, File)
"You can't blame the Chesapeake board for its actions with Aubrey," Cramer added.
The beleaguered CEO had landed squarely in the center of controversy. Under his leadership, Chesapeake fell under scrutiny for blurring the line between McClendon's personal dealings and that of the company.
The findings of the board's probe will be released next month, but so far nothing improper has been disclosed.
Nonetheless, big shareholders took control of the board in June and McClendon was stripped last year of his title as chairman.
Because of that and other issues, investors began to assign the stock a so-called 'Aubrey discount.' That is, Wall Street was reluctant to give the stock a higher multiple because of potential overhang.
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"McClendon is saying he retired but other sources are saying that he was forced out, a victim of the wildcatting ways that have always been his hallmark," Cramer said.
But why he left, probably isn't that important. The bottom line is that McClendon is stepping down.
"I doubt we've seen the last of Aubrey," said Cramer. "I suspect he will be back in action soon with another vehicle."
However, Cramer added the irony is almost palpable. "Kinder's gotten to the promised land that Aubrey dreamed of."