April 4, 2011 /

Transocean Awards Huge Bonuses For “Best Year In Safety”

So a “best year” means having an oil rig explode, which cost 11 people their lives and lead to the biggest oil spill in American history?   Transocean Ltd. gave its top executives bonuses for achieving the “best year in safety performance in our company’s history” — despite the explosion of its oil rig that […]

So a “best year” means having an oil rig explode, which cost 11 people their lives and lead to the biggest oil spill in American history?

 

Transocean Ltd. gave its top executives bonuses for achieving the “best year in safety performance in our company’s history” — despite the explosion of its oil rig that killed 11 people, including nine of its own employees, and spilled 200 million gallons of oil into the Gulf of Mexico.

The company said in a regulatory filing that its most senior managers were given two-thirds of their total possible safety bonus.

Transocean noted “the tragic loss of life” in the Gulf when the rig operated by BP PLC exploded last April. But it said the company still had an “exemplary” safety record because it met or exceeded certain internal safety targets concerning the frequency and severity of its accidents, according to the filing with the Securities and Exchange Commission on Friday.

If any of these executives had an ounce of humanity in them then they would donate their bonuses to the families of the people who died on their rig and the people affected by their disaster. Yeah, that will really happen!

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