Transocean to transfer $1B of its value to shareholders, from whom it cannot be seized.

[imurhuckleberry]

It’s nice to know that business is booming at Transocean. Barely a month after the devastating Gulf of Mexico oil rig explosion that killed 11 workers, the company announced at a meeting that it would pay its shareholders a total dividend of $1 billion this year. Last week, the company held a closed-door meeting at its office in Switzerland where the decision to make the dividend payout was made.

It’s heartwarming to see that Transocean, the same company that rushed to limit its liability in the Deepwater Horizon rig explosion, seemed not to hesitate at all when it came to the decision to distribute its profits. The company has continued to insist that it is not to blame for the explosion, or any of the cleanup costs resulting from it, pointing fingers at BP. The oil giant, not to be outdone, continues to blame Transocean, or rather, Transocean oil workers on the rig, for the explosion.

A total of 11 workers are confirmed dead in the explosion. 17 workers were seriously injured, and even the remaining workers who were evacuated from the rig on lifeboats, have been left severely traumatized. The fallout from the oil spill continues. Fishing communities, tourism-related businesses and other industries along the coastlines of Louisiana and other Gulf Coast states are expected to suffer devastating losses to their livelihood as a result of the oil spill. The loss to the community livelihoods is expected to continue for several years into the future, as the oil spill damages the sensitive marine ecological environment along these coastlines.

Article from: http://www.themaritimelawyer.com/transocean-to-make-1-billion-dividend-payout-to-shareholders/

[Sebastian Doyle]

1. Then seize it NOW before they do so.

And seize all the assets of BP and Halliburton while they are at it.

[ProgressiveProfessor]

11. Its a swiss company

[The Wielding Truth]

2. How can this be stopped?

[leftstreet]

3. K&R

[PDJane]

4. Several years, huh..........

what happens when the oil reaches places like Iceland or England, as it is likely to do?

[polichick]

5. How much did Cheney get? nt

[notadmblnd]

6. And guess who their biggest stockholders probably are

That right, themselves.

[QC]

7. Isn't this a fraudulent conveyance? n/t

[Cleita]

8. I say nationalize all the oil operations of foreign countries in the USA.

If they can't incorporate here, then I don't think they should be allowed to operate here taking our resources. I believe the President could do this under emergency powers.

[RandomThoughts]

9. Unfortunetly they are trying to maintain money systems first.

As posted earlier, it is possible that money may have to disappear, as with credit and debt and many other things on a global scale to return to balance. Although that is not the preferred system since it would just have a rebuilding of same system after strife, best to correct the people in the systems ways of thinking on issues.

The CEO was just doing what the bonds of his credo require, and from his training by that system, serving money first, they are requiered to do that by being in that system. So getting them out of that thought system, which will conflict with the orders from that system, will help fix things without the more difficult effects.

But if not wanting to fix things, bad doing bad points things at themselves when effects occur.

[NYC_SKP]

10. Now, now. Upper Management at Transocean is VERY ethnically and racially diverse...

- s a r c a s m -

http://deepwater.com/fw/main/Our-Management-7.html

And they're VERY "environmentally responsible", they even have a LOGO:



http://deepwater.com/fw/main/Environment-81.html

At Transocean we demonstrate our commitment to Environmental Responsibility every
day through the global use of our Environmental Management System and our links
with external stakeholders. Please navigate the pages in this section to learn
more about our efforts across the company and the many ways our employees
contribute to environmental protection and understanding.

[1955doubledie]

12. K&R

:kick:

[tomm2thumbs]

13. I'll see that transfer and raise you a prison transfer, for all the executives

let their shareholders come visit you on alternate sundays and see how well that goes