You are hereHuffington Post: Don Blankenship: Investors, Politicians Begin Calling For Massey Head To Resign

Huffington Post: Don Blankenship: Investors, Politicians Begin Calling For Massey Head To Resign


April 12, 2010- The calls to oust Massey Energy Company Chairman and CEO Don Blankenship began in earnest Monday, with members of both the private and public sectors getting involved.

The CtW Investment Group sent a letter to Massey's board of directors Monday afternoon demanding Blankenship's resignation in the wake of the disastrous explosion at the company's Upper Big Branch Mine in West Virginia.

CtW had previously warned the board that its minimal oversight over Blankenship's regime exposed Massey and its shareholders to "unnecessary legal, regulatory, and reputational risks" -- apparently vindicated in that judgment, the investment group deems the Upper Big Branch disaster a "tragic consequence" of Blankenship's "confrontational approach to regulatory compliance."

He's not fond of investigative reporters, either. Check out his reaction to an ABC News camera crew at about the one-minute mark:

Earlier Monday, New York State Comptroller Thomas DiNapoli likewise called for Blankenship's resignation. And DiNapoli is no idle politico: As the sole trustee of New York's Common Retirement Fund, he has direct control over some 303,550 shares of Massey stock, valued at $14.1 million.

FULL STORY HERE:

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