{"id":527675,"date":"2010-04-14T16:05:19","date_gmt":"2010-04-14T20:05:19","guid":{"rendered":"http:\/\/climateprogress.org\/?p=22991"},"modified":"2010-04-14T16:05:19","modified_gmt":"2010-04-14T20:05:19","slug":"shareholders-call-on-massey-energy-to-fire-don-blankenship","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/527675","title":{"rendered":"Shareholders call on Massey Energy to fire Don Blankenship"},"content":{"rendered":"<p>Shareholders are calling on Massey Energy to seek the <a href=\"http:\/\/www.reuters.com\/article\/idUSTRE63C2Q920100413\">immediate  resignation<\/a> of chairman and CEO Don Blankenship in the aftermath of  the West Virginia disaster that killed 29 miners, the worst in forty  years. Brad Johnson has the story in this <a href=\"http:\/\/thinkprogress.org\/2010\/04\/13\/fire-blankenship\/\">repost<\/a>.<\/p>\n<p><span id=\"more-22991\"><\/span>The Change to Win Investment Group \u2014 a union pension fund group  with over $200 billion in assets \u2014 believes the Upper Big Branch mine  explosion is the \u201c<a href=\"http:\/\/www.prnewswire.com\/news-releases\/ctw-investment-group-calls-on-massey-board-to-immediately-seek-ceo-blankenships-resignation-90701879.html\">tragic  consequence<\/a> of the board\u2019s failure to challenge Chairman and CEO  Blankenship\u2019s confrontational approach to regulatory compliance.\u201d New  York State Comptroller Thomas P. DiNapoli, who controls about $14.1  million of Massey stock as the trustee of the New York State Common  Retirement Fund, blasted Massey\u2019s \u201c<a href=\"http:\/\/www.r8ny.com\/node\/152501\">callous disregard<\/a> for the  safety of its employees\u201d as a \u201cfailure both of risk management and  effective board oversight\u201d:<\/p>\n<blockquote>\n<p><strong>Massey\u2019s cavalier attitude toward risk and  callous disregard for the safety of its employees has exacted a horrible  cost on dozens of hard-working miners and their loved ones. This  tragedy was a failure both of risk management and effective board  oversight. Blankenship must step down and make room for more responsible  leadership at Massey<\/strong>.<\/p>\n<\/blockquote>\n<p>Early this morning, the <a href=\"http:\/\/www.google.com\/hostednews\/ap\/article\/ALeqM5jxHCZsRXECQX1EL9i-AakghyY9XwD9F24PQO0\">last  of the 29 bodies<\/a> of the miners killed were recovered from the mine.  Yesterday, Standard &amp; Poors upgraded Massey to a \u201cbuy,\u201d saying the  tragedy\u2019s \u201cfinancial effect\u201d was \u201c<a href=\"http:\/\/workinprogress.firedoglake.com\/2010\/04\/12\/massey-stock-upgraded-to-buy-as-disaster-immaterial-to-profit\/\">immaterial<\/a>.\u201d<\/p>\n<p>Related Posts:<\/p>\n<ul>\n<li><a title=\"Permanent Link to Deadly Record: Massey\u2019s   Montcoal mine cited for 3,000 violations, over $2.2 million in fines\" rel=\"bookmark\" href=\"http:\/\/climateprogress.org\/2010\/04\/07\/massey-coal-mine-safety-violations-fines-montcoal\/\">Deadly   Record: Massey\u2019s Montcoal mine cited for 3,000 violations, over $2.2   million in fines<\/a><\/li>\n<li><a title=\"Permanent Link to FLASHBACK: Don Blankenship  warned West Virginia that he believes in \u201csurvival of the fittest\u201d\" rel=\"bookmark\" href=\"http:\/\/climateprogress.org\/2010\/04\/11\/flashback-don-blankenship-warned-west-virginia-that-he-believes-in-survival-of-the-fittest\/\">FLASHBACK:  Don Blankenship warned West Virginia that he believes in \u201csurvival of  the fittest\u201d<\/a><\/li>\n<li><a title=\"Permanent Link to Don Blankenship\u2019s record of  profits over safety: \u201cCoal pays the bills\u201d\" rel=\"bookmark\" href=\"http:\/\/climateprogress.org\/2010\/04\/08\/blankenship-coal-pays-the-bills-profits-over-safety\/\">Don Blankenship\u2019s record of  profits over safety: \u201cCoal pays the bills\u201d<\/a><\/li>\n<li><a title=\"Permanent Link to Don Blankenship called safety regulators \u201cas silly as global warming\u201d\" rel=\"bookmark\" href=\"http:\/\/climateprogress.org\/2010\/04\/12\/don-blankenship-mine-safety-regulators-silly-global-warming\/\">Don Blankenship called safety regulators \u201cas silly as global warming\u201d<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Shareholders are calling on Massey Energy to seek the immediate resignation of chairman and CEO Don Blankenship in the aftermath of the West Virginia disaster that killed 29 miners, the worst in forty years. Brad Johnson has the story in this repost. The Change to Win Investment Group \u2014 a union pension fund group with [&hellip;]<\/p>\n","protected":false},"author":6435,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-527675","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/527675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/6435"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=527675"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/527675\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=527675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=527675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=527675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}