Going underground

by d d b

Do I have any right to be enraged by the Solid Energy debacle? I have been told they are almost $400M in debt, the executive and board paid $23M out in bonuses to each other, they bought Spring Creek mine for $65M one month and closed it the next; and now the ex-CEO who, after 12 years at the helm, resigned two weeks before the dire status of the company was fully disclosed, but while still on full-pay of $1.3M PA to consult back to the new Chair, didn’t front up to the Commerce Select Committee meeting to explain how and why he led the company to this position…

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