Continental CEO Hamm Pledges Shares For Personal Loan

Continental Resources Chief Executive Officer Harold Hamm pledged nearly 18% of his company’s outstanding shares as collateral for a personal loan. The pledged shares are valued at about $2.6 billion and represent 27% of his holding in Continental Resources. Billion-dollar divorce judgment As reported by ValueWalk, oil billionaire Harold Hamm, who is also chairman of the Oklahoma City-based energy company, is currently in a divorce battle with his ex-wife Sue Ann Arnall. After the divorce trial ended in November, he was ordered to give his former wife $1 billion from their then-massive oil empire centered on the stock of Continental Resources,…