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Report: Coal Execs Pocketed Windfall While Driving Companies Into the Ground


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Report: Coal Execs Pocketed Windfall While Driving Companies Into the Ground

WASHINGTON - As America’s largest coal producers were driving their coal companies into the ground through bad investments and overproduction, their CEOs pocketed outrageous bonuses while laying off hundreds of workers, according to a new report (PDF) released today by Public Citizen. All told, bonuses and money spent on bankruptcy lawyers by the four companies – Alpha Natural Resources, Arch Coal, Cloud Peak Energy and Peabody Energy – topped out at nearly a quarter of a billion dollars.

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