Money talks at Berners Bay's expense

Letter to the editor

Posted: Friday, April 14, 2006

Coeur d'Alene Mines Corp. of Coeur d'Alene, Idaho, has announced its May 9 annual shareholders meeting. Coeur's announcement reports that in 2005, its top five executives had combined salaries, bonuses, restricted stock awards, shares underlying options and all other compensation totaling $3.7 million. That's an average of $736,571 per officer. Topping the list is Dennis Wheeler, who is identified as Coeur's chairman, president and CEO. Mr. Wheeler's combined 2005 compensation is reported at $1.7 million.

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If money talks, that's a very loud voice in favor of dumping 4.5 million tons of mine tailings into Lower Slate Lake and allowing mine operations to disrupt fish and wildlife populations that have taken thousands of years to adapt to the highly productive Berners Bay ecosystem.

Bruce Baker


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