This just sounds like a Divorce!
It's really just a man and his maid separating. The saga of being Blankenship continues ...
posted by Gundovald at 5/14/2006 07:52:00 PM
Sunday, May 14, 2006
We Must Ignite The Couch!
posted by Gundovald at 5/14/2006 07:52:00 PM
3 Comments:
I think his CEO compensation is in the 5M range...no wonder Massey's stock has been so volatile recently! This is "Leona Helmsley"-type behavior...
Miss C.,
It is worse than that. Blankenship has his own enemies who want him out of Massey Energy. "Massey paid Blankenship $33.7 million last year, approximately four times the average for chief executives at other coal companies. And Blankenship has averaged $15.6 million a year from 2003 through 2005, or about three times the average pay of top coal companies.
Moreover, Third Point wants to get rid of perks such as a jet Blankenship is allowed to use for business and pleasure, and a $305,000 house he is expected to receive as a retirement gift." Third Point is a hedge fund notorius for buying into a company and replacing its management.
http://www.wkyt.com/Global/story.asp?S=4905913&nav=4CAL
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