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 4:12 pm|
|By: Michael Whitney 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.