chesapeake energy getting a boost after karl icahn exposed a stake in the companies. he is replacing at least four members. kate kelly has been pouring over the filing and more activists might follow suit. what's the latest? >> fascinating battle here just being waged between icahn and the ceo of the company who with can be described as frenemies. icahn was a friendly investor and got out of that profitably and helped effect changes including the sale of assets for a positive dialogue for others. this letter he said are calls for change have gone ignored. he had a dinner recently where he asked for representation on the board and he was blown off and the board is working in isolation to find a replacement for a chairman. the process has been unacceptable and the company is unacceptable and a $16 billion funding gap. here's my favorite line. the board is woefully inadequate speaking about the chairman's search here. having the current board select the chairman without allowing for representation is akin to asking the fox who has gone in the hen house to choose another