Deepwater Horizon owner gives huge bonuses for ‘best year in safety performance in company’s history.’ Uh, your rig exploded in a massive oil spill.

The second largest oil spill in US history, and the fifth largest in world history.

And their executives are getting huge bonuses for their “exemplary” safety record and the “best year in safety performance in our company’s history.”

Yes, besides that explosion that killed eleven people immediately, killed sea life, ruined the fishing industry, trashed tourism jobs and polluted the Gulf of Mexico, it was the best year ever! A banner year! It’s always refreshing to see corporate America take responsibility for their actions. Oh how I admire them.

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.

Make sure you check out the exclusive photos that AMERICAblog published last May showing the rig exploding and slowly sinking into the ocean. Then ask yourself how this was their best safety year ever. I shudder to think of the other years.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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