Patriot Coal Corp. won’t disclose what it paid top officers and directors as it slid back into bankruptcy 18 months after emerging from a chapter 11 case that it said would get it back on its feet, the Wall Street Journal reported today. Papers the company filed on Friday in bankruptcy court have details about the West Virginia coal miner’s environmental troubles, the lawsuits it faces and other basics of its business. But as for what it paid officers and directors, Patriot said only that they received “standard and customary compensation.” In the chapter 11 case it launched in 2012, Patriot reported that it paid $27.5 million to top company leaders, including nearly $6 million in bonuses. This time around, Patriot is only providing details on transfers of cash among affiliates and payments to vendors affiliated with company officers and directors by family relationships, court papers say.
