Executives Running Collapsing Coal Companies Award Themselves Millions While Laying Off Workers

[hazlnut]

Executives Running Collapsing Coal Companies Award Themselves Millions While Laying Off Workers

Yeah, it's all Obama's fault that coal companies didn't diversify and/or help workers transition to other sectors.

Yeah, it's all Obama's fault coal workers refused to see the writing on the wall while they sat their fat stupid asses on the same bar stool their dad and grandpa did.

Complain, complain, complain… it's all the Mexicans fault…. blah, blah, blah.

Executives of the top coal-producing companies in the country got compensation increases while their companies spiraled into bankruptcy, laid off workers, or tried to slash employee benefits, a new report finds.

Most top executives for Peabody Energy, Arch Coal, and Alpha Natural Resources got compensation increases worth in total millions of dollars as the companies went into massive debt often due to fruitless expansions, the report released Tuesday by Public Citizen, an advocacy organization, found. In conjunction with the report, Public Citizen also sent letters to Peabody Energy, Arch Coal, and Alpha Natural Resources chief executive officers urging them to invest their multi-million dollar bonuses in a trust fund for laid off workers.

The report comes as the coal industry has been facing a steep drop in prices as demand plummets. Moreover, regulations on the industry have become more stringent over the years, raising costs. The report also questions companies’ management and lists compensation increases from 2012 through 2014 — the years ahead of bankruptcy filings — all while pointing to layoffs and a number of attacks on workers’ benefits through the company’s financial struggles.

 

[ScienceRocks]

All these executives and ceo's belong in prison for fucking over their workers. But, hell, the loserterians will keep defending them.

Coal is dead because it is uneconomical.

 

[initforme]

That's how corporations work...poor decisions equal huge increases for the CEO while the workers who do the actual work get the shaft.

 

[Moonglow]

That's how corporations work...poor decisions equal huge increases for the CEO while the workers who do the actual work get the shaft.

You mean the CEO's got the coal mine and the workers get the shaft?
But they run the companies, so they should get more....(right winger philosophy)...

 

[2aguy]

Executives Running Collapsing Coal Companies Award Themselves Millions While Laying Off Workers

Yeah, it's all Obama's fault that coal companies didn't diversify and/or help workers transition to other sectors.

Yeah, it's all Obama's fault coal workers refused to see the writing on the wall while they sat their fat stupid asses on the same bar stool their dad and grandpa did.

Complain, complain, complain… it's all the Mexicans fault…. blah, blah, blah.

Executives of the top coal-producing companies in the country got compensation increases while their companies spiraled into bankruptcy, laid off workers, or tried to slash employee benefits, a new report finds.

Most top executives for Peabody Energy, Arch Coal, and Alpha Natural Resources got compensation increases worth in total millions of dollars as the companies went into massive debt often due to fruitless expansions, the report released Tuesday by Public Citizen, an advocacy organization, found. In conjunction with the report, Public Citizen also sent letters to Peabody Energy, Arch Coal, and Alpha Natural Resources chief executive officers urging them to invest their multi-million dollar bonuses in a trust fund for laid off workers.

The report comes as the coal industry has been facing a steep drop in prices as demand plummets. Moreover, regulations on the industry have become more stringent over the years, raising costs. The report also questions companies’ management and lists compensation increases from 2012 through 2014 — the years ahead of bankruptcy filings — all while pointing to layoffs and a number of attacks on workers’ benefits through the company’s financial struggles.

They voted democrat...they deserve to get hit hard by democrat policies...why should the executives reward the coal miner's stupidity for voting democrat....?

 

[Rustic]

Executives Running Collapsing Coal Companies Award Themselves Millions While Laying Off Workers

Yeah, it's all Obama's fault that coal companies didn't diversify and/or help workers transition to other sectors.

Yeah, it's all Obama's fault coal workers refused to see the writing on the wall while they sat their fat stupid asses on the same bar stool their dad and grandpa did.

Complain, complain, complain… it's all the Mexicans fault…. blah, blah, blah.

Executives of the top coal-producing companies in the country got compensation increases while their companies spiraled into bankruptcy, laid off workers, or tried to slash employee benefits, a new report finds.

Most top executives for Peabody Energy, Arch Coal, and Alpha Natural Resources got compensation increases worth in total millions of dollars as the companies went into massive debt often due to fruitless expansions, the report released Tuesday by Public Citizen, an advocacy organization, found. In conjunction with the report, Public Citizen also sent letters to Peabody Energy, Arch Coal, and Alpha Natural Resources chief executive officers urging them to invest their multi-million dollar bonuses in a trust fund for laid off workers.

The report comes as the coal industry has been facing a steep drop in prices as demand plummets. Moreover, regulations on the industry have become more stringent over the years, raising costs. The report also questions companies’ management and lists compensation increases from 2012 through 2014 — the years ahead of bankruptcy filings — all while pointing to layoffs and a number of attacks on workers’ benefits through the company’s financial struggles.

Where would they go? fucking asshole
A "Green job" that pays no money? What a sorry fuck you are... Lol

 

[HereWeGoAgain]

Barry shuts down the coal industry and you clowns whine about the CEOs making a buck.
Fucken retards.

 

[edthecynic]

They voted democrat...they deserve to get hit hard by democrat policies...why should the executives reward the coal miner's stupidity for voting democrat....?

But the Right take credit for fracking which has made natural gas so cheap that it is destroying the coal industry. So now suddenly they reveal it was the Democratic policies that brought down gas prices.

 

[Rustic]

List of Failed Obama Green Energy & Solar Companies in the Billions

Obama failed green energy companies list below


Update: July 15, 2015:



Obama Told America that his Green Investments Would Take The Country Forward but Instead all of them Are Going Belly Up and Taking Jobs And Taxpayer Cash With Them
.

List Of Failed Green Energy Jobs & Companies – By Obama


Update: 7/19/12: The Amonix Solar: FAIL! – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.

• Solar Trust of America: FAIL! – Filed Bankruptcy in Oakland, CA, April 3, 2012

• Bright Source: FAIL! – Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Bright Source lost billions of dollars but is getting more money to keep trying. Can you say, “This isn’t working Mr. President?”

• Solyndra: FAIL! – Obama gave $500,000,000 (that’s a HALF BILLION!) in taxpayer money to Solyndra who shut its doors and laid off 1100 workers in August 2011 after billions in losses due to failure to make a solar product that works! Barack Obama was not vetted before being elected President and neither was Solyndra before Mr. Obama threw that taxpayer money down the drain of unproven technology.

• LSP Energy: FAIL! – LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012

• Energy Conversion Devices: FAIL! – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy

• Abound Solar: FAIL! – Abound Solar received a $400 million loan guarantee from Barack Obama then announced in June, 2012 that it would file for bankruptcy. Many of these failed corporations, such as Abound, donated MILLIONS and continue to donate to Barack Obama’s campaign. Can you say, “Democrat Slush Fund”? Yes this is illegal. But Democrats are being protected from being prosecuted, for now.

• SunPower: FAIL! – SunPower stopped producing solar cells in 2011 at near bankruptcy then restructured with the help of, get this, oil giant TOTAL, Inc. who owns 60% stake in SunPower. Irony? The company is still struggling.

• Beacon Power: FAIL! – Beacon Power Corp filed for bankruptcy protection in October, 2011 just a year after Obama approved a $43 million Government loan guarantee. They remain barely in business, still struggling to make energy that makes sense or that works at all.

• Ecotality: FAIL! – ECOtality, a San Francisco green-tech company that never earned any money and remains on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from President Obama, who wants to do some more of this kind of Democrat Slush Fund Guarantees after he is elected to a 2nd term.

• A123 Solar: FAIL! – A123 Solar received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees even after the Solyndra bankruptcy and is getting another $500M from Obama after a loss of $400M.

• UniSolar: FAIL! – Uni-Solar filed for Ch 11 bankruptcy in June 20, 2012 after laying off hundreds of workers. UniSolar received even more Obama money after showing now progress, no profits and is still failing… yet they still remain in business with Obama’s help.

• Azure Dynamics: FAIL! – Azure Dynamics filed for bankruptcy in June , 2012 wasting millions in Obama “Stimulus” money and received abatement on taxes owed and and several tax credits. Azure Dynamics LLC filed for bankruptcy protection in Canada and the US. Azure laid off 120 of its 160 employees in Oak Park; Boston; Vancouver, British Columbia; and the UK.

• Evergreen Solar: FAIL! – Evergreen Solar received $527 Million in Taxpayer money from Obama and filed bankruptcy in late 2011. Evergreen, which closed its taxpayer-supported Devens factory in March, 2011 cut more than 1800 jobs. Evergreen’s $450 million factory, turned out to be a colossal “waste” of taxpayer money.

• Ener1: FAIL! Ener1 Inc. received a $118 million U.S. Energy Department grant from President Obama to make electric-car batteries but filed for bankruptcy protection January 2012 after defaulting on bond debt.

Update: In May 2012 Obama visited a dusty, desert town 30 miles outside Las Vegas Wednesday to declare he’s doubling down on failed federal efforts to boost the solar industry which has NEVER proven to produce a single working product. Like Socialism, no evidence ot works, but they just keep doubling down on the failed ideals!.



Republicans believe Obama is gambling with taxpayer dollars as he continues to aggressively push alternative forms of energy proven to be more than 20 years off in working effectively and being affordable. After the failure of Solyndra, which resulted in the loss of half a billion dollars in taxpayer dollars President Obama is going to give America more of teh same: FAIL.



This is one of those interesting left-wing ideas which works theoretically as long as it’s not real,” Republican presidential candidate Newt Gingrich charged on the campaign trail Wednesday. “And then you put in a half billion dollars and you go, ‘Oh that didn’t quite work.'”



Obama sharply disagrees and used the world’s largest solar power plant of its kind — with one million solar panels dotting the desert here — to assert it is his critics who are out of touch with reality.

Lol

 

[edthecynic]

Barry shuts down the coal industry and you clowns whine about the CEOs making a buck.
Fucken retards.

Fracking is shutting down the coal industry and the Right supports fracking. Own it!

 

[HereWeGoAgain]

Barry shuts down the coal industry and you clowns whine about the CEOs making a buck.
Fucken retards.

Fracking is shutting down the coal industry and the Right supports fracking. Own it!

And the left hates both....now what asshole?

 

[hazlnut]

The point is why do coal workers think we owe them something when they make a product we no longer want or need?

 

[Rustic]

The point is why do coal workers think we owe them something when they make a product we no longer want or need?

Speak for yourself, millions of people depend on coal every day. fuck nut
Lol

 

[Moonglow]

Executives Running Collapsing Coal Companies Award Themselves Millions While Laying Off Workers

Yeah, it's all Obama's fault that coal companies didn't diversify and/or help workers transition to other sectors.

Yeah, it's all Obama's fault coal workers refused to see the writing on the wall while they sat their fat stupid asses on the same bar stool their dad and grandpa did.

Complain, complain, complain… it's all the Mexicans fault…. blah, blah, blah.

Executives of the top coal-producing companies in the country got compensation increases while their companies spiraled into bankruptcy, laid off workers, or tried to slash employee benefits, a new report finds.

Most top executives for Peabody Energy, Arch Coal, and Alpha Natural Resources got compensation increases worth in total millions of dollars as the companies went into massive debt often due to fruitless expansions, the report released Tuesday by Public Citizen, an advocacy organization, found. In conjunction with the report, Public Citizen also sent letters to Peabody Energy, Arch Coal, and Alpha Natural Resources chief executive officers urging them to invest their multi-million dollar bonuses in a trust fund for laid off workers.

The report comes as the coal industry has been facing a steep drop in prices as demand plummets. Moreover, regulations on the industry have become more stringent over the years, raising costs. The report also questions companies’ management and lists compensation increases from 2012 through 2014 — the years ahead of bankruptcy filings — all while pointing to layoffs and a number of attacks on workers’ benefits through the company’s financial struggles.

They voted democrat...they deserve to get hit hard by democrat policies...why should the executives reward the coal miner's stupidity for voting democrat....?

Oh, you have access to their voting records, who did the CEO's vote fer?

 

[Moonglow]

The point is why do coal workers think we owe them something when they make a product we no longer want or need?

Speak for yourself, millions of people depend on coal every day. fuck nut
Lol

Especially the Victorian era Brits...

 

[Moonglow]

Barry shuts down the coal industry and you clowns whine about the CEOs making a buck.
Fucken retards.

Fracking is shutting down the coal industry and the Right supports fracking. Own it!

And the left hates both....now what asshole?

I don't considering they have been fracking since the 1930's..

 

[edthecynic]

Barry shuts down the coal industry and you clowns whine about the CEOs making a buck.
Fucken retards.

Fracking is shutting down the coal industry and the Right supports fracking. Own it!

And the left hates both....now what asshole?

Thank you for admitting the Right owns the destruction of the coal industry 100%.

 

[Rustic]

The point is why do coal workers think we owe them something when they make a product we no longer want or need?

Speak for yourself, millions of people depend on coal every day. fuck nut
Lol

Especially the Victorian era Brits...

...And Germany's energy, it's supplied by Russia.
Lol
Obama failed green energy companies list below


Update: July 15, 2015:



Obama Told America that his Green Investments Would Take The Country Forward but Instead all of them Are Going Belly Up and Taking Jobs And Taxpayer Cash With Them
.

List Of Failed Green Energy Jobs & Companies – By Obama


Update: 7/19/12: The Amonix Solar: FAIL! – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.

• Solar Trust of America: FAIL! – Filed Bankruptcy in Oakland, CA, April 3, 2012

• Bright Source: FAIL! – Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Bright Source lost billions of dollars but is getting more money to keep trying. Can you say, “This isn’t working Mr. President?”

• Solyndra: FAIL! – Obama gave $500,000,000 (that’s a HALF BILLION!) in taxpayer money to Solyndra who shut its doors and laid off 1100 workers in August 2011 after billions in losses due to failure to make a solar product that works! Barack Obama was not vetted before being elected President and neither was Solyndra before Mr. Obama threw that taxpayer money down the drain of unproven technology.

• LSP Energy: FAIL! – LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012

• Energy Conversion Devices: FAIL! – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy

• Abound Solar: FAIL! – Abound Solar received a $400 million loan guarantee from Barack Obama then announced in June, 2012 that it would file for bankruptcy. Many of these failed corporations, such as Abound, donated MILLIONS and continue to donate to Barack Obama’s campaign. Can you say, “Democrat Slush Fund”? Yes this is illegal. But Democrats are being protected from being prosecuted, for now.

• SunPower: FAIL! – SunPower stopped producing solar cells in 2011 at near bankruptcy then restructured with the help of, get this, oil giant TOTAL, Inc. who owns 60% stake in SunPower. Irony? The company is still struggling.

• Beacon Power: FAIL! – Beacon Power Corp filed for bankruptcy protection in October, 2011 just a year after Obama approved a $43 million Government loan guarantee. They remain barely in business, still struggling to make energy that makes sense or that works at all.

• Ecotality: FAIL! – ECOtality, a San Francisco green-tech company that never earned any money and remains on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from President Obama, who wants to do some more of this kind of Democrat Slush Fund Guarantees after he is elected to a 2nd term.

• A123 Solar: FAIL! – A123 Solar received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees even after the Solyndra bankruptcy and is getting another $500M from Obama after a loss of $400M.

• UniSolar: FAIL! – Uni-Solar filed for Ch 11 bankruptcy in June 20, 2012 after laying off hundreds of workers. UniSolar received even more Obama money after showing now progress, no profits and is still failing… yet they still remain in business with Obama’s help.

• Azure Dynamics: FAIL! – Azure Dynamics filed for bankruptcy in June , 2012 wasting millions in Obama “Stimulus” money and received abatement on taxes owed and and several tax credits. Azure Dynamics LLC filed for bankruptcy protection in Canada and the US. Azure laid off 120 of its 160 employees in Oak Park; Boston; Vancouver, British Columbia; and the UK.

• Evergreen Solar: FAIL! – Evergreen Solar received $527 Million in Taxpayer money from Obama and filed bankruptcy in late 2011. Evergreen, which closed its taxpayer-supported Devens factory in March, 2011 cut more than 1800 jobs. Evergreen’s $450 million factory, turned out to be a colossal “waste” of taxpayer money.

• Ener1: FAIL! Ener1 Inc. received a $118 million U.S. Energy Department grant from President Obama to make electric-car batteries but filed for bankruptcy protection January 2012 after defaulting on bond debt.

Update: In May 2012 Obama visited a dusty, desert town 30 miles outside Las Vegas Wednesday to declare he’s doubling down on failed federal efforts to boost the solar industry which has NEVER proven to produce a single working product. Like Socialism, no evidence ot works, but they just keep doubling down on the failed ideals!.



Republicans believe Obama is gambling with taxpayer dollars as he continues to aggressively push alternative forms of energy proven to be more than 20 years off in working effectively and being affordable. After the failure of Solyndra, which resulted in the loss of half a billion dollars in taxpayer dollars President Obama is going to give America more of teh same: FAIL.



This is one of those interesting left-wing ideas which works theoretically as long as it’s not real,” Republican presidential candidate Newt Gingrich charged on the campaign trail Wednesday. “And then you put in a half billion dollars and you go, ‘Oh that didn’t quite work.'”



Obama sharply disagrees and used the world’s largest solar power plant of its kind — with one million solar panels dotting the desert here — to assert it is his critics who are out of touch with reality.

The point is why do coal workers think we owe them something when they make a product we no longer want or need?

Speak for yourself, millions of people depend on coal every day. fuck nut
Lol

Especially the Victorian era Brits...

 

[Moonglow]

The point is why do coal workers think we owe them something when they make a product we no longer want or need?

Speak for yourself, millions of people depend on coal every day. fuck nut
Lol

Especially the Victorian era Brits...

...And Germany's energy, it's supplied by Russia.
Lol
Obama failed green energy companies list below


Update: July 15, 2015:



Obama Told America that his Green Investments Would Take The Country Forward but Instead all of them Are Going Belly Up and Taking Jobs And Taxpayer Cash With Them
.

List Of Failed Green Energy Jobs & Companies – By Obama


Update: 7/19/12: The Amonix Solar: FAIL! – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened.

• Solar Trust of America: FAIL! – Filed Bankruptcy in Oakland, CA, April 3, 2012

• Bright Source: FAIL! – Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the solar-energy company to close. Bright Source lost billions of dollars but is getting more money to keep trying. Can you say, “This isn’t working Mr. President?”

• Solyndra: FAIL! – Obama gave $500,000,000 (that’s a HALF BILLION!) in taxpayer money to Solyndra who shut its doors and laid off 1100 workers in August 2011 after billions in losses due to failure to make a solar product that works! Barack Obama was not vetted before being elected President and neither was Solyndra before Mr. Obama threw that taxpayer money down the drain of unproven technology.

• LSP Energy: FAIL! – LSPEnergy LP filed bankruptcy protection and a sale of its assets in Feb 2012

• Energy Conversion Devices: FAIL! – On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy

• Abound Solar: FAIL! – Abound Solar received a $400 million loan guarantee from Barack Obama then announced in June, 2012 that it would file for bankruptcy. Many of these failed corporations, such as Abound, donated MILLIONS and continue to donate to Barack Obama’s campaign. Can you say, “Democrat Slush Fund”? Yes this is illegal. But Democrats are being protected from being prosecuted, for now.

• SunPower: FAIL! – SunPower stopped producing solar cells in 2011 at near bankruptcy then restructured with the help of, get this, oil giant TOTAL, Inc. who owns 60% stake in SunPower. Irony? The company is still struggling.

• Beacon Power: FAIL! – Beacon Power Corp filed for bankruptcy protection in October, 2011 just a year after Obama approved a $43 million Government loan guarantee. They remain barely in business, still struggling to make energy that makes sense or that works at all.

• Ecotality: FAIL! – ECOtality, a San Francisco green-tech company that never earned any money and remains on the verge of bankruptcy after receiving roughly $115 million in two loan guarantees from President Obama, who wants to do some more of this kind of Democrat Slush Fund Guarantees after he is elected to a 2nd term.

• A123 Solar: FAIL! – A123 Solar received $279 million from taxpayers thanks to President Obama’s Department of Energy loan guarantees even after the Solyndra bankruptcy and is getting another $500M from Obama after a loss of $400M.

• UniSolar: FAIL! – Uni-Solar filed for Ch 11 bankruptcy in June 20, 2012 after laying off hundreds of workers. UniSolar received even more Obama money after showing now progress, no profits and is still failing… yet they still remain in business with Obama’s help.

• Azure Dynamics: FAIL! – Azure Dynamics filed for bankruptcy in June , 2012 wasting millions in Obama “Stimulus” money and received abatement on taxes owed and and several tax credits. Azure Dynamics LLC filed for bankruptcy protection in Canada and the US. Azure laid off 120 of its 160 employees in Oak Park; Boston; Vancouver, British Columbia; and the UK.

• Evergreen Solar: FAIL! – Evergreen Solar received $527 Million in Taxpayer money from Obama and filed bankruptcy in late 2011. Evergreen, which closed its taxpayer-supported Devens factory in March, 2011 cut more than 1800 jobs. Evergreen’s $450 million factory, turned out to be a colossal “waste” of taxpayer money.

• Ener1: FAIL! Ener1 Inc. received a $118 million U.S. Energy Department grant from President Obama to make electric-car batteries but filed for bankruptcy protection January 2012 after defaulting on bond debt.

Update: In May 2012 Obama visited a dusty, desert town 30 miles outside Las Vegas Wednesday to declare he’s doubling down on failed federal efforts to boost the solar industry which has NEVER proven to produce a single working product. Like Socialism, no evidence ot works, but they just keep doubling down on the failed ideals!.



Republicans believe Obama is gambling with taxpayer dollars as he continues to aggressively push alternative forms of energy proven to be more than 20 years off in working effectively and being affordable. After the failure of Solyndra, which resulted in the loss of half a billion dollars in taxpayer dollars President Obama is going to give America more of teh same: FAIL.



This is one of those interesting left-wing ideas which works theoretically as long as it’s not real,” Republican presidential candidate Newt Gingrich charged on the campaign trail Wednesday. “And then you put in a half billion dollars and you go, ‘Oh that didn’t quite work.'”



Obama sharply disagrees and used the world’s largest solar power plant of its kind — with one million solar panels dotting the desert here — to assert it is his critics who are out of touch with reality.

The point is why do coal workers think we owe them something when they make a product we no longer want or need?

Speak for yourself, millions of people depend on coal every day. fuck nut
Lol

Especially the Victorian era Brits...

My what an excellent spammer..

 

[Rustic]