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Ear to the Ground

What Oil Spill? Transocean Hands Out Bonuses for Best Safety Year Ever

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Posted on Apr 3, 2011
U.S. Coast Guard

Even Wall Street executives have to be smacking their heads over this one. The company that ran the Deepwater Horizon oil rig (before it exploded, killing 11 and filling the Gulf of Mexico with oil) has decided to give its executives bonuses for achieving “the best year in safety performance in our company’s history.” There are no words ...

(As of this posting, we’re still waiting for Transocean’s safety report to finish loading. In the meantime, we’re getting our quote from the BBC, which has read the document.) —PZS

BBC:

The company’s annual report acknowledges the explosion on the rig, but goes on to say that it exceeded internal safety targets.

“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 report says.

“As measured by these standards, we recorded the best year in safety performance in our company’s history, which is a reflection on our commitment to achieving an incident free environment, all the time, everywhere,” it adds.

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Blackspeare's avatar

By Blackspeare, April 5, 2011 at 10:29 am Link to this comment

It’s apparent that the bar for safety standards for Transocean are low and thus the rewards for safety.

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MarthaA's avatar

By MarthaA, April 5, 2011 at 12:46 am Link to this comment

PatrickHenry, April 5 at 12:40 am,

NOT.

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PatrickHenry's avatar

By PatrickHenry, April 4, 2011 at 7:40 pm Link to this comment

This is an Andy Borowitz column isn’t it, come on guys..

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MarthaA's avatar

By MarthaA, April 4, 2011 at 7:34 pm Link to this comment

How long will the majority population, the mob,
allow the mega corporate oil companies, the mega
corporate bankers, the mega corporate insurance
companies and the mega corporate military
industrial complex of socialized corporations to get
away with their destruction of the common
population, the earth and the environment?  It is
time for the wealthy to face consequences instead
of being handing out bonuses for their dastardly
deeds of destruction that they have gotten away
with far too long.  It is time for fascist corporate rule
to end.

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redslider's avatar

By redslider, April 4, 2011 at 6:15 pm Link to this comment

oh, the suggestion. You’ll find it here:

http://www.facebook.com/home.php?sk=mynotes#!/note.php?note_id=182538645126306

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redslider's avatar

By redslider, April 4, 2011 at 6:13 pm Link to this comment

The arrogance and hubris of this would be stunning, if we hadn’t heard all this before. Do they think we all have Alzheimer’s?

Deep sea drilling, of course, must stop. In the meantime, there is one method I suggest which could actually make such wells a good deal safer - not fool proof, but certainly end the terror of global disaster.

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By Hugh Alexander Culliton, April 4, 2011 at 5:32 pm Link to this comment
(Unregistered commenter)

When I first read this story, I smiled…until I realized that it wasn’t your Fake News. This is obscene.

For Chris Hedges:  Chris, I’m sorry. I use to think that your column was a touch melodramatic. Now I realize that you haven’t been shouting loud enough. Maybe a passive resistance campaign is the only way out.

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PatrickHenry's avatar

By PatrickHenry, April 4, 2011 at 4:09 pm Link to this comment

Did these guys work at Goldman Sachs?

The congress should look at all these bonus programs were tax dollars have been spent.

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By berniem, April 4, 2011 at 3:56 pm Link to this comment

The fact that such an absurdity can be imagined much less brazenly foisted upon our collective psyche only serves to prove that the govt. of “We The People” is a sham and a Punch and Judy show to divert us from rebelling against the fascists that are actually running this body politic and ravaging it like a cancer gone wild!

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mackTN's avatar

By mackTN, April 4, 2011 at 2:33 pm Link to this comment

Well, if this was an exemplary year in which “only” 11 people died, a regional
economy and environment wrecked, I would hate to see what they did in their
good years.

Are they down to 11 people dead?  In a good year, did more than 11 people die? 

Business as usual.  Hope and change is officially retired.

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By Lauren Unruh, April 4, 2011 at 2:29 pm Link to this comment
(Unregistered commenter)

So being shut down for months improved their safety record, imagine what being
shut down permanently could do for it.

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By TDoff, April 4, 2011 at 12:14 pm Link to this comment

No matter what the heist is, whether it’s a Ponzi scheme, jacking up profits by slashing safety expenses, packaging worthless mortgages into figmental ‘securities’, bribing ‘legislators’ to write laws in your favor, or the good old-fashioned robbing of a bank with guns blazing, the guy who dreams up the scam gets the biggest cut of the loot.

So there is a time-honored tradition for corporate executives getting the big ‘bonuses’.

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By TDoff, April 4, 2011 at 11:41 am Link to this comment

Perhaps the Japanese will take note of this Transocean bonus farce, and delay the TEPCO executive bonuses for a year or so.

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By TDoff, April 4, 2011 at 11:37 am Link to this comment

Thanks to BP, Transocean, and TEPCO, as the next exploratory spaceship from another planet approaches a then lifeless earth, I wonder how they will interpret the fact that scattered all over every visible land surface will be posted signs that read:

‘DO NOT DRINK OR GO IN THE WATER’

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By m@earth, April 4, 2011 at 10:00 am Link to this comment
(Unregistered commenter)

So long as the corporate citizen still exists in equal to the individual citizen.  This
is just par for the course.  Until we re-address this constitutional rupture which
pits individual versus corporate interests.  Nothing will change.

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By Jim Yell, April 4, 2011 at 9:03 am Link to this comment
(Unregistered commenter)

This above article highlights what happens when businesses are allowed to police themselves. Greed is the only motive they have for breathing. If there were real punishments for the company and the individuals involved there would be no bonuses and a real effort to clean up the mess they made of the Gulf.

Here is an idea, why not seize all the wealth from the people who own the company and use it to clean up the mess in the gulf—why is it really at the end of the day the taxpayer who already paid for the huge bonuses, who are in the end expected to pay the cleanup? As Exxon “the sign of the double cross” said so many years ago, we will just deduct the cost from the taxes we don’t pay” of course that isn’t an exact quote.

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By lasmog, April 4, 2011 at 8:33 am Link to this comment

And the corporate band played on.  This is what a plutocracy looks like.

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By John P., April 4, 2011 at 1:50 am Link to this comment
(Unregistered commenter)

The bonus money is also a signal to those whom receive it. Keep quiet, and this bonus will keep coming.

War is the same way. Create weapons, sell weapons, wage wars, create more
weapons, wage more wars, sell more weapons.

There is no one out there to stop the chain of violence that the human civilization is currently in.

We’ve all had that thought… maybe by the year 2001 the wars will be behind us.

What ever happens to the human race now, we deserve it. There are still military schools training young to kill, still the video games training to kill.

The generation that is younger than us bloggers on this site are concerned with making the dollar, playing whatever first person shooter game that’s arrived - not protesting against an administration and pentagon, that controls a president in office, no matter who, no matter which term, or how many terms.

So if you think voting someone new - into any office will change the pattern of violence in the USA you have been fooled big time. Your kids kids are going to die on some battle field because war has been glamorized, its been sold like a product, its been held high like an honor, its been spoken of like a martyr.

This is the brainwash. The hustle. And we all know someone who has been in the military, and may still be in. You sign, you do what they say. Period. Kill for me? Done.

Pentagon and corporations benefit each other and those standing at the top of the monetary chain. They have as much empathy for you as you have for an ant on the ground.

Reality check.

Take a close look at each presidents war history during their term, and don’t forget to look at the covert wars.

Now watch the years roll by. See any changes in the violence? Me neither.

History won’t lie to you. That is something they cannot cover up. You only have to look into that window to see where we are going. And we are going for more wars. 

Killing is a learned behavior. This world, this country, has more people that will kill, than would not. If the end does arrive for the world, well, we certainly have it coming.

Generations of humans go by. These words I’m typing now, feel pointless.

Nothings gonna change my world.

I can’t escape those whom lack the empathy gene. They will kill for comfort. I will not. I am divided from family members for my belief in peace and love.

So I will die probably for having empathy and a conscious.

And after my generation is gone? Will anything change fifty years from now?

Absolutely not - just new faces, new wars, humans, that still haven’t stopped killing.

My message to those assholes;

I can only hope and pray, that those who are a part, of instigating the chain of violence, suffer severely, and those, that are unable, to find the courage to open their eyes and say no to keeping quiet, out of fear of their future, spend eons in pain.

Am I bitter? Obviously. I have now joined the ranks of wishing violence upon the violent.
Since I’ve gone there I may as well state:

This is my big F.U. to those who choose to not wake up. You’ve destroyed empathy, intelligence, and what could have been an emerging Type 1 civilization.

But no, your greed and fear fucked us, I hope your torture is endless - you know who you are.

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By gerard, April 3, 2011 at 10:51 pm Link to this comment

I have the distinct impression that the rich guys are living in a mythical La-La Land far removed from reality.  It is extremely hard to know how to penetrate this determined ignorance and isolation.  Reminds me of nothing so much as the medieval castles, cold, formidable and deliberately isolated from common realities. Ultimately they did fall—but not wihout weeks, months of persistent fiery assault and denial of supply lines. 

The present occupants must also be dreaming of an “incident-free environment everywhere all the time” while famine and disease rsvage the cities of the plain below.  Somehow, we “progressed” beyond that for a time and in some places, but the old greed has returned to dominance and the past has reappeared.  The lords and ladies pull up the drawbridge and dance.

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