According to the Wikipedia page for the CEO, he grew up in a mining family and his father was paralyzed in a mine accident when he was nine.
I've always found it ironic that the most hard-hearted CEOs tend to be the ones who come from poor backgrounds (Don Blankenship is another example). Contrast them with people like Bill Gates and Warren Buffett, who grew up in well-to-do families and have more sense of noblesse oblige.
Ironic, but not surprising. Those who truly rose from poverty are more likely to have a mindset of "I was successful so why should my money go to those @#$%* lazy *&^%$# who aren't." Whereas those who are born to comfort are more likely to have know some opebo-types who plan on lazily spending their parent's money and thus be skeptical of the advantages of wealth.