Sunday, April 18, 2010

$17.3 Million = 29 Dead Miners

The CEO of Massey Energy received $17.3 million in compensation in 2009 according to SEC filings. That's $596,551.72 for miner killed in the recent mine disaster. So that's what a life is worth to this CEO and his board of directors, half a million dollars. Something is drastically wrong with the way companies compensate their top executives when they trade large bonuses for human lives.