Wednesday, April 21, 2010
Blankenship Urged To Step Down From Board
WEST VIRGINIA....
Massey Energy's Annual Meeting is scheduled for May 18th. Those with a number of public pension funds are calling for Massey CEO Don Blankenship to step down from his dual role as Chairman of Massey's Board of Directors. There is a perception, at least, that the board failed to conduct adequate oversight of management and, in particular, its handling of safety issues, because it didn't have a separate chairman. The allegation stems from the April 5th explosion at Upper Big Branch Mine.
Massey Energy's Annual Meeting is scheduled for May 18th. Those with a number of public pension funds are calling for Massey CEO Don Blankenship to step down from his dual role as Chairman of Massey's Board of Directors. There is a perception, at least, that the board failed to conduct adequate oversight of management and, in particular, its handling of safety issues, because it didn't have a separate chairman. The allegation stems from the April 5th explosion at Upper Big Branch Mine.
# posted by Homer Owens @ 8:54 PM 
