Blankenship says workers made an honest mistake in believing the leak would be contained.
In protest the United Mine Workers of America struck at mines run by Blankenship.
Blankenship is covered by the insurance her husband gets as a retiree from his former employer.
The Complaint alleges that Blankenship used these funds for Ponzi payments and his personal expenses.
Compounding these headaches: a bit of good luck that Blankenship managed to turn into a major problem.
Regardless of the comparison between the companies, Blankenship has taken a serious gulp of the Tesla Kool-Aid.
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Blankenship says the accident "could have happened to anyone" and partly blames faulty maps of the old mine.
Blankenship went on to run two other mines for the company, which was subsequently bought by Fluor Corp.
And the outspoken head of Massey Energy at the time, Don Blankenship, the boss over these two guys?
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Which is exactly what happened after Blankenship decided to use longwall machines at several Massey mines ill-suited for them.
And so Blankenship was able to buy met coal reserves on the cheap.
What is most striking about the leadership style of Don Blankenship, the CEO of Massey Energy, is his consistency.
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Massey CEO Don Blankenship will retire at the end of this month.
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The subordinate pleaded guilty to two conspiracy charges, but an attorney for Blankenship has denied his client did anything wrong.
Blankenship says his decision to let the old workers go will be vindicated as savings from lower wages pile up.
It's an ugly turn of events for Blankenship, a brilliant, gutsy operator with an unfortunate tendency to shoot off his mouth.
When Tulsa's Bill Blankenship decided to make the leap from high school, it took him a year to find a college gig.
"I realize there is frustration about this point, but that is the position we're in, " said Mr. Blankenship, who co-founded Verde with Mr. Sanders.
Mr. Blankenship said on the conference call that Verde is recommending the buyout, partly because some investors have wanted a way to sell shares.
"We're skating where the puck is going to be, " says Blankenship.
Blankenship had planned to increase Massey coal production for the coming year from 44 million tons to 56 million tons and so needed to add staff.
Earlier this year, a longtime subordinate implicated former Massey Energy CEO Don Blankenship in the case of a mine explosion that killed 29 miners in West Virginia.
Ever a provocative, politically incorrect bomb-thrower who scoffs at the idea of corporate sustainability, just a month later, Blankenship penned an op-ed in The Hill, a D.
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Blankenship lost out for the top job at Fluor but got his own publicly traded company soon enough: Fluor cut Massey loose in a spinoff in November 2000.
Blankenship has kept Massey focused stubbornly on Central Appalachia, where a century of digging has left seams mostly too short and thin to mine profitably at current prices.
So Blankenship has tried to be a good consumer and figure out what care and medicine she really needs and what seems like excessive ordering by her doctors.
The Complaint alleges that Blankenship never opened PIMCO accounts on behalf of this or any customer and that the stockbroker never had an affiliation with that company.
Blankenship resigned from Massey at the end of 2010.
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The problem is typified by an accident that occurred one month before the spinoff, an accident that even Blankenship concedes has made Massey a "poster boy" for environmental negligence.
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