This morning’s news from the S&P stock exchange should be music to Don Blankenship’s ears. Massey’s stock has been upgraded to a “buy” because the accident should be “immaterial” to Massey’s finances. This is the bet that Blankenship made with the lives of 29 miners: that he could risk their lives without risking his profits. Richard Trumka called this disaster “the inevitable result of a profit-driven system and reckless corporate conduct.” He couldn’t be more correct. And Don Blankenship couldn’t care less.
|By: Michael Whitney Monday April 12, 2010 11:16 am|
|By: Michael Whitney Saturday April 10, 2010 8:53 am|
Sad news out of West Virginia. Rescue teams finally made their way into the mine late last night to locate survivors, only to discover the four missing miners dead. That brings the death toll at the Montcoal mine to 29, making it the worst mine disaster since 38 miners died in an explosion in Kentucky in 1970.
|By: Michael Whitney Tuesday April 6, 2010 5:25 pm|
AFL-CIO President Richard Trumka issued a statement today on the Massey Energy Montcoal mine disaster, slamming Massey and CEO Don Blankenship for recklessness while honoring the miners and their rescuers.