Transocean hails ‘best year’ in safety, gives execs bonuses, despite Gulf spill

[Playinghardball]

Source: Raw Story
By Kase Wickman

The company that owns the now-infamous Deepwater Horizon, the oil rig that caused immeasurable damage to the Gulf, recently applauded itself for the "best year in safety performance in our Company's history." The company, Transocean Ltd., rewarded its executives millions in bonuses for the achievement, according to the annual report it released yesterday.

Steven L. Newman, Transocean's president and CEO, awarded himself $4.3 million in cash bonuses, stocks and options.

Eleven people died as a direct result of the disaster in the Gulf, nine of them Transocean employees, according to Forbes.

"Notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety record as measured by our total recordable incident rate and total potential severity rate. As measured by these standards, we recorded the best year in safety performance in our Company’s history, which is a reflection on our commitment to achieving an incident free environment, all the time, everywhere," the company wrote in their annual statement to shareholders.

Read more at: http://www.rawstory.com/rs/2011/04/02/transocean-hails-best-year-in-safety-gives-execs-bonuses-despite-gulf-spill/

[cloudbase]

1. April 1st was yesterday.

[Curmudgeoness]

2. I suppose that if you just consider the Gulf spill one incident,

you can find some rationale for declaring a "best year in safety". I would take a hundred spills of a few gallons over this one spill and call it good after seeing this.

The executives of large companies in this country are worse than feudal lords of times past as far as their sense of entitlement.

My blood pressure is so high after reading this that I can't think straight.

[jwirr]

3. And war is peace. nt

[dixiegrrrrl]

4. By that standard, TEPCO should get bonuses too.

[Angry Dragon]

5. Yeah, they only killed 9 people

usually they must kill a lot more for this to be a very good year

[Initech]

6. So they get rewarded for the worst man-made disaster in history.

WTF kind of bizarro backwards world are we living in? :grr: :argh: :nuke:

[Mimosa]

7. K&R n/t

[dana_b]

8. sociopath!

i swear that's what it takes to be a CEO of a company like that. How the hell could rational, caring people ever pull something like that?! They wouldn't.

[Urban Prairie]

9. All corporate capitalists need to generously reward themselves is to have ONE good day out of 365

"As measured by these standards, we recorded the best year in safety performance in our Company’s history"

Notwithstanding that Transocean's executives are in fact perfectly fucking greedy scumbags!!

If this was the best year in safety performance in their history, I would shudder to discover what was their worst ever!!

They would have found some other utterly bewildering bullshit reason(s) to reward themselves regardless, why not just blatantly state that they are "entitled" to bonuses every year, until or unless the company goes belly up?!?


:puke: :wtf: :eyes: :mad:

[thelordofhell]

10. I call this the bush excuse

As in, "Since 9/11, the bush presidency, blah, blah, blah, terrorism."

[DRoseDARs]

11. If murdering* 11 workers and destroying the G.C. was their best year ever, what was their worst?

Blowing up Alderaan? :shrug:

http://www.youtube.com/watch?v=prgrhvOXaII





*Calling a spade a spade, since corporate entities are now people, it was murder.