(Reuters) - NEW YORK, June 14 - Two board members who wanted
Massey Energy Co. to merge with a rival and were critical
of management have resigned after the coal miner decided to remain
independent, the company said on Thursday.
The two -- Daniel Loeb, who manages the activist hedge fund
Third Point, and Todd Swanson -- accused the board of being
"misguided" in sticking with Chief Executive Officer Don
Blankenship, who they said was guilty of "poor risk management."
Read more at Reuters.com Mergers News
Massey Energy Co. to merge with a rival and were critical
of management have resigned after the coal miner decided to remain
independent, the company said on Thursday.
The two -- Daniel Loeb, who manages the activist hedge fund
Third Point, and Todd Swanson -- accused the board of being
"misguided" in sticking with Chief Executive Officer Don
Blankenship, who they said was guilty of "poor risk management."
Read more at Reuters.com Mergers News
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