Post by adjensen on Nov 13, 2014 15:53:43 GMT -6
Ex-CEO of Mine That Blew up, Killing 29, Indicted
Well, I'm certainly glad to see that someone will pay for the deaths of these workers, which seemed to have been preventable. I don't know what settlement the families came to (if any) over this disaster, but the shareholders should hold those responsible accountable, whether the government does or not.
The former CEO who oversaw the West Virginia mine that exploded in 2010, killing 29 people, was indicted Thursday on federal charges related to a mine safety investigation that followed the blast.
U.S. Attorney Booth Goodwin said a federal grand jury indicted former Massey Energy CEO Don Blankenship on charges that include conspiracy to violate mandatory federal mine safety and health standards, conspiracy to impede federal mine safety officials, making false statements to the Securities and Exchange Commission and securities fraud.
Blankenship could face up to 31 years in prison if convicted.
U.S. Attorney Booth Goodwin said a federal grand jury indicted former Massey Energy CEO Don Blankenship on charges that include conspiracy to violate mandatory federal mine safety and health standards, conspiracy to impede federal mine safety officials, making false statements to the Securities and Exchange Commission and securities fraud.
Blankenship could face up to 31 years in prison if convicted.
Well, I'm certainly glad to see that someone will pay for the deaths of these workers, which seemed to have been preventable. I don't know what settlement the families came to (if any) over this disaster, but the shareholders should hold those responsible accountable, whether the government does or not.
Four investigations into the Upper Big Branch explosion found that worn and broken cutting equipment created a spark that ignited accumulations of coal dust and methane gas. Broken and clogged water sprayers allowed what should have been a minor flare-up to become an inferno.
The federal Mine Safety and Health Administration said the root cause was Massey's "systematic, intentional and aggressive efforts" to conceal life-threatening problems. MSHA said managers even maintained two sets of pre-shift inspection books — an accurate one for themselves, and a sanitized one for regulators.
The federal Mine Safety and Health Administration said the root cause was Massey's "systematic, intentional and aggressive efforts" to conceal life-threatening problems. MSHA said managers even maintained two sets of pre-shift inspection books — an accurate one for themselves, and a sanitized one for regulators.
