Despite Gulf oil spill, rig owner exe...

Despite Gulf oil spill, rig owner executives get big bonuses

There are 4 comments on the CNN story from Apr 3, 2011, titled Despite Gulf oil spill, rig owner executives get big bonuses. In it, CNN reports that:

Transocean president Steven L. Newman was awarded a $200,000 salary increase. The company called that record "a reflection on our commitment to achieving an incident-free environment, all the time, everywhere," the SEC filing states.

Join the discussion below, or Read more at CNN.

Storm Warning

De Forest, WI

#1 Apr 4, 2011
sickening. more of the Union brother activity of the democrats,people struggling on social security dont get a raise for 3 years and this bumbling son of a bitch get more than 100 of them in one year, how about fining him 100,000.00 each for the workers killed on that rig and making him sit in jail for 20 days with bubba, well dont worry it wont happen under Obama W. Bush. shzitbag lying democrats and neo cons need to move to Israel.
Screwed by Transocean

United States

#2 Jun 26, 2011
I work for Transocean and am asked to travel 300 days a year, for which I get to pay a large share of the expenses while I travel, and once a year I get a 3% raise. Hum, just had a thought, $200K sounds like a lot because it's more than I earn, but maybe it is 3% for the CEO.

Since: Mar 09

The Left Coast

#3 Jul 3, 2011
The average income in the US is around $50K/yr. Nobody needs to make more than triple the average. Over that and it should be taxed at 95%. Rich people need to learn how to live like the rest of us.

Tullos, LA

#4 Apr 3, 2013
Those big bonuses to Transocean big wheel's after the lost of 11 men and the ones that made it was a slap in their face to survivors and families of the lost lives.They were rewarding safety. 11 men lost their lives and over 100 more came close,they fought to keep from doing what was right but rewarded something that was wrong.

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