Massey Shareholders Vote to Keep Controversial Board Members
Tuesday, May 18, 2010 at 12:01 pm
To what extent do Massey shareholders want to hold company leaders accountable for the terrible safety record in Massey mines? Turns out, not at all.
Bloomberg New reports:
Baxter Phillips, Richard Gabrys and Dan Moore, who each served on Massey’s safety committee, will keep their seats on the Richmond, Virginia-based company’s board, six weeks after the explosion at the Upper Big Branch mine where 29 people were killed. Each received a majority of the votes cast at Massey’s annual meeting in Richmond today, the company said.
The board members had come under fire recently from some shareholders — including state pension funds — who were urging their ouster at today’s annual gathering. Massey announced this morning that they’ll remain.
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