BONUS !
By Wink
We have talked about CEO bonus’s before, but, to recap:
We feel corporate execs deserve every dime they get, and that a company should be bled totally dry to pay execs and keep them happy.
We also hate unions, because every ‘sick day’ some ‘laborer’ uses may mean an exec can only belong to three country clubs, instead of four. It could also cost an exec up to 10 minutes worth of private jet fuel. That stuff isn’t cheap you know.
So…. Transocean Ltd. gave bonuses to execs because 2010 was its “best year” in safety.
Best year in safety! Wow. Now that is something to celebrate.
Wait a second… Transocean Ltd…. Do I know that name? Oh yeah, they owned the Deepwater Horizon oil rig.
Whatever happened to that?
It did what? It blew up, killing eleven people? Yep, and spilling millions of gallons of sludgy-oil into the Gulf of Mexico.
…Sorry, I got distracted. Where were we?
Oh, yeah. Executive bonuses for having their “best year” in safety.
OKAY !!!!!
How does Transocean Ltd. define “safety?” I can only guess…
- A paper cut that gets infected = one ‘incident’
- Someone gets sick at the workplace cafeteria = one ‘incident’
- An oil rig explosion that kills eleven employees and dumps millions of gallons of oil = one ‘incident’
So, there are three ‘incidents’ right there!
To be fair, the five execs that received the safety bonus donated all of it (over $250,000) to the Deepwater Horizon Memorial Fund, which will be distributed to the 11 families.
Questions:
- What is a fair amount to pay for the death of an employee? There is no reasonable answer for this.
- What is a fair bonus for an executive? Apparently, the sky is the limit.
- What would constitute a ‘bad year’ for safety when the deaths of 11 workers and despoiling the Gulf of Mexico is your ‘best year?’
(2 votes, average: 5.00 out of 5)
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