11 dead - but execs paid 'safety bonus'

[Rhiannon12866]

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 and spilled 757 million litres 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 $US374,062 ($A363,300).

http://www.theage.com.au/business/world-business/11-dead--but-execs-paid-safety-bonus-20110404-1ctik.html

Just how fucked up is this?! :crazy: :grr:

[Lucian]

1. Very fucked up.

:grr:

[lonestarnot]

2. Just how fucked up is evil when it flaunts itself in your face and gets away with it?

Pretty fucking fucking up!

[plumbob]

3. It's evident that these companies have way too much money to give to

evil causes. They need a good hefty tax increase, one that will require them to actually work for a living, rather than give out safety bonuses for killing people.

[Rhiannon12866]

4. If they were looking for an excuse to give out bonuses, they picked "safety?!"

It's not like the entire world didn't know about this terrible accident and environments and people aren't still being affected by it, will be for years to come... You're right about the taxes. They seem to have money to burn. :( :grr:

[Dennis Donovan]

5. Rec'd! Unbelievable!

:grr::mad::grr:

[Rhiannon12866]

6. Isn't it?!

The term "unmitigated gall" came to mind... It's insane! :wtf: :crazy: :grr: