The Associated Press April 20, 2011, 2:28PM ET

Blankenship's 2010 pay fell 48 percent at Massey

A regulatory filing shows retired Massey Energy Co. chief Don Blankenship's total compensation fell 48 percent in 2010 as the company struggled following the death of 29 miners in the Upper Big Branch mine explosion.

An Associated Press analysis shows Blankenship earned just over $9 million in total compensation last year. He earned $17.3 million in 2009.

The AP's calculation counts salary, bonuses, perks, stock and options awarded to during the year.

Blankenship abruptly retired from Richmond, Va.-based Massey in December. The compensation figures don't include his $12 million retirement package.

Replacement Baxter Phillips is expected to leave the top spot when Massey's $7.1 billion takeover by rival Alpha Natural Resources closes.

Massey cut Blankenship's non-equity incentive compensation 36 percent to $7.4 million and didn't give him any stock awards.


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