ALBANY (AP) -- New York state's comptroller and a pension fund adviser want Massey Energy's chairman to resign following the deaths of 29 coal miners last week.
Comptroller Thomas DiNapoli, trustee of a retirement fund holding more than 300,000 shares of Massey stock worth $14 million, on Monday called for CEO Don Blankenship to resign immediately as chairman of Massey's board. DiNapoli said the company failed to adequately manage risks at the West Virginia mine where 29 died after an explosion.
A similar challenge came from William Patterson, executive director of the Washington, D.C.-based CtW Investment Group, which works with union pension funds.
Blankenship didn't immediately return a call seeking comment.
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