This picture explains why the mine disaster occurred
At his Labor Day anti-union rally last year, Massey CEO Don Blankenship attacked the Mine Safety and Health Administration (MSHA), claiming it "seeks power over coal miners."
He mocked both "Washington politicians" and local elected officials who attempt to ensure miner safety, calling their efforts "as silly as global warming."
The calls to oust Massey Energy Company Chairman and CEO Don Blankenship began in earnest Monday. Members of both the private and public sectors getting involved.
The CtW Investment Group sent a letter to Massey's board of directors Monday afternoon. The letter demanded Blankenship's resignation in the wake of the disastrous explosion at the company's Upper Big Branch Mine in West Virginia.
CtW had previously warned the board that its minimal oversight over Blankenship's regime exposed Massey and its shareholders to "unnecessary legal, regulatory, and reputational risks."
The investment group deemed the Upper Big Branch disaster a "tragic consequence" of Blankenship's "confrontational approach to regulatory compliance."
Arianna Huffington stated:
These calamities (the sub-prime mortgage crises and the mining disaster) occurred because elected officials who should have been creating a regulatory system that protects working families instead created a system that protects the corporations it was meant to watch over.
source: http://www.huffingtonpost.com/2010/04/12/don-blankenship-investors_n_534901.html
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