Tuesday, April 05, 2011

Quote of the Day

"Notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety record we recorded the best year in safety performance in our company’s history.”  -  from a Transocean regulatory filing regarding paying safety bonuses to its executives.

Wow.  Really, I don't know what to say other than wow.  That takes a lot of nerve. Transocean, if you remember, is the owner of the Deepwater Horizon oil rig that was being operated by BP that exploded last year, killing 11 workers and spilling millions of gallons of oil.  Truly exemplary safety right there. 

I don't know where to find the actual regulatory filing, and at a reported 74 pages I'm not sure I want to read it anyway, but you can find more information about it here and here.  If there's any justice in the world, this will destroy their business and render those receiving bonuses unhirable in the future. 

This ranks right up there with Abercrombie & Fitch selling padded push up bikinis for 7 year olds in terms of questionable corporate ethics.  Really unbelievable....
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