The company that owns the now-infamous Deepwater Horizon, the oil rig that caused immeasurable damage to the Gulf, recently applauded itself for the "best year in safety performance in our Company's history." The company, Transocean Ltd., rewarded its executives millions in bonuses for the achievement, according to the annual report it released yesterday.
Steven L. Newman, Transocean's president and CEO, awarded himself $4.3 million in cash bonuses, stocks and options.
"Notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety record as measured by our total recordable incident rate and total potential severity rate. As measured by these standards, we recorded the best year in safety performance in our Company’s history, which is a reflection on our commitment to achieving an incident free environment, all the time, everywhere," the company wrote in their annual statement to shareholders.
Severe flash flooding in the Grand Canyon on Saturday caused significant damage to infrastructure, forced the...
A fire in California’s Big Sur region doubled in size overnight, forcing the evacuation of nearby...
About 85 Americans remain missing after a devastating flood swept through a remote region of the...
At least 359 people have died, and nearly 1,000 others are reported missing after a flash...
