retirement

Don Blankenship Retires!!

  • Posted on: 7 December 2010
  • By: JesseColeman

The infamous Don Blankenship, CEO of Massey Energy Company, has announced he will retire at the end of December.  Given the storms Blankenship had weathered in the past, it came as somewhat of a surprise that the climate change denying, union busting, federal judge bribing, safety law violating, mountain top destroyer is finally calling it quits.  

His decision to leave was likely at the behest of the Massey board, which has announced its intention to sell the company.  Blankenship had always been an obstacle to the sale, publicly decrying the idea by comparing Massey to a “broken down truck” in need of fixing before being put on the market.

As the face of Massey Energy, Blankenship also posed a serious public relations obstacle to any potential sale.  Recently called the “Dark Lord of Coal Country” by the Rolling Stone Magazine, he was a ripe target for those wishing to draw attention to the death and destruction caused by an unapologetic coal industry.  

The embattled CEO is also facing growing legal trouble of his own due to the Upper Big Branch mine explosion.  A judge in West Virginia declined to throw out two separate lawsuits that hold Blankenship personally responsible for the disaster.  Two women widowed by the UBB explosion filed the lawsuits, which Blankenship hoped would be dismissed.  The judge’s decision was announced shortly before Blankenship made public his departure, adding to speculation that he had become a public relations hindrance to Massey’s sale.  

Investors have agreed wholeheartedly with the change in leadership, sending Massey’s stock soaring after news of Blankenship’s retirement.

It is important to remember that as influential as Blankenship was, it is the Massey Energy Company that is ultimately responsible for it’s multiple mining disasters.  Blankenship has been an obvious figurehead for what is wrong with Massey and the coal industry culture at large, but his departure should not distract attention from the fact that coal companies want coal, and they do not care about the environmental and human costs endemic to its extraction.
 

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