Sunday, April 3, 2011

Ripped from the headlines, again.



Transocean Ltd. gave its top executives bonuses for achieving the "best year in safety performance in our company's history".

Am I the only person in America that remembers the oil spill in the Gulf of Mexico: the one that killed 11 people and cost thousands of others their livelihood? And this is their best safety year in history? Wow, only 11 people dead in 2010, sure the hell beats their record of 215 in 2009, 25 in 2008, 110 in 2007… ad naseum. (I am making the numbers up… I have no idea how many people they have killed in previous years.)

The safety bonus for their CEO, Steve Newman was $374,062.00. Gee, that is only $34,005.62 per dead person. I am stunned. I would have thought he would get way more per corpse than that paltry sum.

The total value of Newman’s compensation was listed as $8,500,000.00. It you aren’t offended, you aren’t paying attention to real life. Teacher’s wages are being cut and services to the poor and needy are being cut; people on the Gulf Coast’s livelihood has been damaged, if not destroyed. And one of the main assholes responsible for one of the most tragic incidences in American history is getting over 8 million dollars in compensation, even thought he oversaw the company that caused the horrific damage. And he is getting a tax break; thanks to congress extending the Bush tax laws.

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