A Billionaire's Dune Duel
SAUGATUCK TOWNSHIP, Mich.—Billionaire Aubrey McClendon was bouncing along Lake Michigan on a jet ski about 10 years ago when he spied a majestic stretch of dunes here. "It was one of the most beautiful pieces of land I'd ever seen," said Mr. McClendon, chief executive of Chesapeake Energy Corp. of Oklahoma City.
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