Massey Stock Upgraded to “Buy” as Mine Disaster “Immaterial” to Profit (Update: NY Comptroller Calls on Blankenship to Resign)

By: Monday April 12, 2010 4:12 pm

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.

 

Four Missing Miners Found Dead; Montcoal Death Toll at 29

By: Saturday April 10, 2010 6:30 am

Rescue teams are beginning to extract the bodies from the mine. Now the process begins to figure out what went wrong and who will be held accountable.

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