Sunday, April 03, 2011

"It's not fair to condemn a whole program just because of a single slip-up"

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 200 million gallons of oil into the Gulf of Mexico.
No biggie. And anyway, where are you going to find good people if you don't pay them?
Safety accounts for a quarter of the executives' total cash bonuses. The total bonus for CEO Steve Newman last year was $374,062.

From Tristero at the land of Digby


Dan Eastwood said...

It does make me wonder just how badly they would need to screw up before they cancel the bonuses.

Jim Bouman said...

I note that the word "they" appears twice in you comment. The first seems to refer to the bonus recipients; the second to the bonus granting folks.
Every one on the receiving end wants one day to be a big dog, dishing out bonuses. 'Cause the big dogs get the biggest bonuses.
There is, sadly, no "they" out there that isn't in the daisy chain who might cancel anything. It does have potential for solving the riddle of perpetual motion.

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Of the biblical allotment of three score and ten I have lived only three of them more than a bicycle ride from one of the Great Lakes. I grew up ten blocks from Lake Erie in the (once Irish/Italian ghetto, now newly-hip) "Near West Side" of Cleveland. I can still cycle to the Milwaukee lakefront in an hour and a half; but, a round-trip has always been more than I would (noror ever did) attempt. -0- I'm a "...somewhat combative pacifist and fairly cooperative anarchist," after the example of Grace Paley (1922-2007). -0- I'm always cheerful when I pay my taxes (having refused--when necessary--to pay that portion of them dedicated to war). -0- And I always, always vote.