Transocean gives safety bonuses despite Gulf spill deaths

[spanone]

file under: you can't make this shit up.



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.

Safety accounts for a quarter of the executives' total cash bonuses. The total bonus for CEO Steve Newman last year was $374,062.

http://www.msnbc.msn.com/id/42393722/ns/business/

[hobbit709]

1. None of the executives were hurt, that's all that counts.

[atreides1]

2. You're right

That's why they got the "safety bonus", because they were safe!