I guess it depends on how you look at it...

[Mikey]

I wonder what their worst year was like.

Despite Gulf oil spill, rig owner executives get big bonuses

(CNN) -- Declaring 2010 "the best year in safety performance in our company's history," Transocean Ltd., owner of the Gulf of Mexico oil rig that exploded, killing 11 workers, has awarded its top executives hefty bonuses and raises, according to a recent filing with the U.S. Securities and Exchange Commission.

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, according to the SEC report. Newman's bonus was $374,062, the report states.

Newman also has a $5.4 million long-term compensation package the company awarded him upon his appointment as CEO in March 2010, according to the SEC filing.

The latest cash awards are based in part on the company's "performance under safety," the Transocean filing states.

"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," the SEC statement reads. "As measured by these standards, we recorded the best year in safety performance in our Company's history."

The company called that record "a reflection on our commitment to achieving an incident-free environment, all the time, everywhere," the SEC filing states.

The company did not respond to an e-mail from CNN seeking comment.

The April 20, 2010, explosion on the Deepwater Horizon rig injured 17 workers and killed 11 others, including nine Transocean employees, according to the SEC filing. It has been called the worst spill in U.S. history.

The well was capped three months later, but not before millions of barrels of oil spilled into the Gulf.

In January, President Barack Obama's National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling released a report that spread blame for the accident among Transocean, BP -- which leased the rig -- and Halliburton, which installed the rig's cement casing.

The commission said problems with deepwater drilling are "systemic" and that only "significant reform" will prevent another disaster.

Another report released March 23 determined that the oil spill was caused by a piece of drill pipe trapped in the rig platform's blowout preventer, a device intended to stop oil from flowing into the Gulf. The report was commissioned by various U.S. agencies, including the Interior Department and the Department of Homeland Security.

The Interior Department has said a much broader report that relies on additional sources of data -- including eyewitness accounts and photographs -- will be released this summer.

The oil spill has prompted a flood of lawsuits against BP, Transocean and Halliburton from a variety of plaintiffs, including owners of Gulf shore businesses who claim they suffered heavy financial losses because of the spill.

The plaintiffs also include Transocean shareholders who contend the company falsely claimed it had remedied past safety problems with its blowout preventers, prior to the Gulf spill.

[Mikey]

Best steeplechase evah...





No foot blisters...

[Cuda]

Why the fuck shouldn't the rig-owner execs be pulling in huge bonuses? They're making money hand over fucking fist ever since they moved their rigs from the Gulf of Mexico to Brazil

[H4ever]

Why the fuck shouldn't the rig-owner execs be pulling in huge bonuses? They're making money hand over fucking fist ever since they moved their rigs from the Gulf of Mexico to Brazil

For the same reason the economy is about to implode. Damn..u are fucking retarded.

[BSmack]

Why the fuck shouldn't the rig-owner execs be pulling in huge bonuses? They're making money hand over fucking fist ever since they moved their rigs from the Gulf of Mexico to Brazil

Cool. So when one of THOSE rigs blows up, the oil can get sucked directly into the Atlantic Conveyor.

[BSmack]

Cool. So when one of THOSE rigs blows up, the oil can get sucked directly into the Atlantic Conveyor.

I'm not advocating the release of millions of barrels of oil into the Atlantic Conveyor off the coast of Brazil...

If you're advocating for offshore drilling off the coast of Brazil, you are doing exactly that. There is nothing more certain than when you drill for oil eventually some of it will spill.

[Truman]

Cool. So when one of THOSE rigs blows up, the oil can get sucked directly into the Atlantic Conveyor.

I'm not advocating the release of millions of barrels of oil into the Atlantic Conveyor off the coast of Brazil...

If you're advocating for offshore drilling off the coast of Brazil, you are doing exactly that. There is nothing more certain than when you drill for oil eventually some of it will spill.

So? The hell's your point, B?!

You DO realize that there is more natural seepage of oil into the world's oceans each year than man has ever spilled, right?

[BSmack]

OK, Sparky. Where should the U.S. get the oil for your car?

I don't give a fuck. Just don't tell me you're against spilling oil AND that you're for offshore drilling. Not unless you want to out yourself as either a shill or a complete retard.

[Truman]

OK, Sparky. Where should the U.S. get the oil for your car?

I don't give a fuck. Just don't tell me you're against spilling oil AND that you're for offshore drilling. Not unless you want to out yourself as either a shill or a complete retard.

For those of us playing along at home: So by your logic, B, a person supportive of Green Energy and against $5 per gallon gas is a complete retard? You're Messiah is, but I'm curious to read your take...

[BSmack]

For those of us playing along at home: So by your logic, B, a person supportive of Green Energy and against $5 per gallon gas is a complete retard? You're Messiah is, but I'm curious to read your take...

You have a very active imagination Tru. It is simple. When oil wells are drilled, oil will eventually be spilled. It is a natural by product of oil production and therefore, if you say, as 88 did, "I'm not advocating the release of millions of barrels of oil into the Atlantic Conveyor off the coast of Brazil" yet also argue in favor of drilling for oil off the coast of Brazil, you are either a grade a tard, or you are being deliberately disingenuous. Period.

[mvscal]

There is nothing more certain than when you drill for oil eventually some of it will spill.

So what?

[Cuda]

There is nothing more certain than when you drill for oil eventually some of it will spill.

So what?

But... the Polar Bears!!!!!11





Oh, they're so cute!

[Mikey]

There is nothing more certain than when you drill for oil eventually some of it will spill.

So what?

But... the Polar Bears!!!!!11




Oh, they're so cute!

You're sick

[Dinsdale]

It is simple. When oil wells are drilled, oil will eventually be spilled. It is a natural by product of oil production

You DO realize that there is more natural seepage of oil into the world's oceans each year than man has ever spilled, right?

No, he obviously doesn't.


Probably doesn't realize that there's a little slice of the ocean's ecosystem that feeds off it, either.


Remember -- he toes the line of the radical left... he'll drive a car, fill it with gas (and maybe even have an oil furnace), but no one screams NIMBY like a lefty hypocrite. They're pretty devout in their belief of doing whatever suits them, while preaching from the mountaintops about how you should do things.

The stupidity of the extreme left is mindboggling -- they advocate for Uncle Sam to cradle-to-grave everyone, then act like it's everybody else's fault that "absolute power corrupts absolutely" has held true once again (undefeated record in Human History), and the cenralization of power and wealth CREATED the corrupt corporatist state that's causing all the problems... yet they'll rail against the very corporations that THEY encouraged to buy up DC.

Truly a political ideology completely devoid of any sort of logic.

Guess those Founders that they thumb their nose at so readily weren't so dumb after all.

[Mikey]

Guess those Founders that they thumb their nose at so readily weren't so dumb after all.

So, those "Founders" were all on the same page when it came to powers and responsibilities of the central government vs. state governments vs. individuals and, of course, that's exactly the same page that you're on.

Thanks, I'm really glad I know that now.

[Cuda]

But... the Polar Bears!!!!!11




Oh, they're so cute!

You're sick

it'd be OK wth me if Roach hunted & shot a few of them