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Bankrupt Coal Company Alpha Natural Resources Pays Executive Millions In Exchange For Slashing Benefits

CREDIT: AP PHOTO/DAVID GOLDMAN, FILE

Alpha Natural Resources, a bankrupt coal company headquartered in Bristol, Virginia, outlined a plan to pay top executives up to 11.9 million in bonuses over six months as a “reward” for slashing benefits for workers and simultaneously sidestepping environmental remediation obligations during its bankruptcy proceedings. As one of the four largest …

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