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Massey Energy CEO's Compensation Drops 17 Percent

Stock quotes in this article: ACI , EP , MEE , STLD  

ERNEST SCHEYDER

NEW YORK (AP) — The chairman and chief executive of coal miner Massey Energy Co. received compensation valued at $19.7 million in 2008, a 17 percent decrease from the previous year, according to an Associated Press analysis of data filed with regulators Tuesday.

The Richmond, Va.-based company paid Don L. Blankenship $1 million in base salary and a bonus of $300,000, the same as the previous year.

Blankenship, 59, also received a performance-based cash bonus of $6 million, up 15 percent year over year. ...

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