Monday, April 4, 2011
Thanks for a Great Safety Year, 2010!
The article, via CNN, says "notwithstanding the tragic loss of life in the Gulf of Mexico, we (Transocean Ltd.) achieved an exemplary statistical safety record as measured by our total recordable incident rate and total potential severity rate," the statement reads. "As measured by these standards, we recorded the best year in safety performance in our company's history."
That includes a $200,000 salary increase for Transocean President and Chief Executive Officer Steven L. Newman, whose base salary will increase from $900,000 to $1.1 million, the report said. Newman's bonus was $374,062 and he also has a $5.4 million long-term compensation package the company awarded him upon his appointment as CEO in March 2010. Awesome.
Wow. This is crazy mind blowing shit. Definitely check out the comments beneath the article if you want to be even more infuriated / have a good laugh.