(Source: Daily Koss, May 20, 2016)
WASHINGTON, D.C. — The advocacy group Public Citizen released a report Tuesday showing how top executives for three giant coal companies got large compensation boosts even as they laid off workers and cut their benefits. The three companies—Peabody Energy, Arch Coal, and Alpha Natural Resources—are all continuing their operations under Chapter 11 bankruptcy filings. Over the past few years, they went deeply into debt expanding via mergers and other purchases even as coal prices were falling and their bottom lines were going from black to red.
Full story: Daily Koss