Transocean Multi-Million Safety Bonuses
On Friday, April 1, Transocean announced to its shareholders that it paid executives multi-million dollar bonuses for the company's safety record.
On April 4, 2011, upon hearing of the bonuses, Interior Secretary, Ken Salazar blasted the company for declaring the year 2010 to be "the best year in safety performance" in the company's history. The year 2010 was witness to the explosion and sinking of the Deepwater Horizon that killed 11 people followed by an oil spill that poured 4.9 million barrels of oil into the Gulf of Mexico.
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