Managers of the Zug-registered offshore oil rig contractor Transocean have announced that they plan to donate their bonus payments to Deepwater Horizon victims.
This content was published on
1 minute
swissinfo.ch and agencies
Earlier this week the company drew criticism when it awarded its employees bonuses for its “best year in safety performance” – despite the Deepwater Horizon explosion last April.
CEO Steven Newman announced on Tuesday that he and four other Transocean managers want to donate their bonuses to a fund for the victims of the explosion. The five bonuses add up to $250,000 (SFr231,600).
The explosion at the rig on April 20, 2010 killed 11 people and leaked 780 million litres of oil into the Gulf of Mexico – making it the worst oil spill in United States history.
Safety accounts for a quarter of the executives’ total cash bonuses. Newman’s total bonus for last year was $374,062 (SFr345,670).
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.
Read more
More
Transocean issues bonuses for “best” safety
This content was published on
The explosion at the rig last April killed 11 people and spilled 757 million litres of oil into the Gulf of Mexico – the worst oil spill in United States history. The company said in a regulatory filing with the US Securities and Exchange Commission that its most senior managers were given two thirds of their…
This content was published on
Transocean, with about a dozen floating rigs in the Gulf of Mexico, was hit hard by the halt in drilling there after the well blowout that destroyed its Deepwater Horizon rig last April. Eleven people died in the disaster, which was the worst oil spill in United States history. The company, which has its registered…
This content was published on
“Whether purposeful or not, many of the decisions that BP, Halliburton and Transocean made that increased the risk of the Macondo blowout clearly saved those companies significant time (and money),” said a report by the White House oil spill commission. The report ultimately blamed management failures for the April 20 explosion that ruptured the Macondo…
You can find an overview of ongoing debates with our journalists here. Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.