how's this for llaissez-faire??

redivider

Well-Known Member
WASHINGTON (AFP) – Transocean Ltd. has given its executives pay raises, bonuses and stock options after the company's "best year" for safety, despite a deadly oil platform explosion and massive leak in the Gulf of Mexico.
"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," Transocean said in a filing Friday to the US Securities and Exchange Commission (SEC).
"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."
Nine of the 11 people killed in the April 20, 2010, explosion on the BP-leased Deepwater Horizon platform were Transocean employees. Seventeen other people were wounded.
After the explosion, more than 205 million gallons of oil gushed into the Gulf of Mexico, fouling US shorelines, scaring off tourists and closing rich shrimp and fishing grounds.
Transocean, the world's largest offshore oil and gas drilling contractor, filed its annual report to the SEC and invited shareholders to its annual general meeting May 13 in Switzerland, where the company is based.
"Although in 2010 we made significant progress in achieving our strategic and operational objectives for the year, these developments were overshadowed by the April 20, 2010 fire and explosion," the company said.
The firm decided to reward its executives, according to a compensation policy "based on their ability to achieve annual operational objectives that further our long-term business objectives and to create sustainable long-term shareholder value in a cost-effective manner."
Top executives received a base salary increase averaging 3.8 percent, excluding the chief executive officer, "whose base salary reflected his promotion into the CEO role."
They received performance bonuses of 44.8 percent of the maximum stipulated in their contract.
In addition, they were given stock options "ranging from $1.2 million to $5.4 million designed to satisfy competitive market concerns and reward individual performance during fiscal 2010," the company's report stated.
Transocean claims that BP is solely responsible for the explosion and oil spill, but BP sees the responsibilities as shared.
long live small government and free enterprise!!!!!!

only a free-market society allows a company where 11 workers died on the job to give it's executives bonuses for SAFETY....
 

NoDrama

Well-Known Member
long live small government and free enterprise!!!!!!

only a free-market society allows a company where 11 workers died on the job to give it's executives bonuses for SAFETY....
STATISTICALLY they are very safe. 11 out of the 18,000 they employ. The USA has a dismal record of safety when Government is in charge. Look at how many folks die on the job who are employed by the military over in Afghanistan. Way more than 1 in 1600, Currently there is a force of 98,000, and so far 1440 have died which makes it a 1 in 68 who DIE, that isn't counting all the wounded , maimed, and vegetable status people who come back.

Statistics is fun isn't it? You can make statistics prove any point you want because they are so very easy to manipulate. Hey you know what? People will think you are really safe if you keep giving yourself awards for safety irregardless of actual safety.
 

BudMcLovin

Active Member
Don’t but their product if you don’t like it. I quit buying from BP a while back when Russia bought into the company.
Why people can promote a totalitarian form of government is beyond me. I want to know at what level you crazy lefties are willing to accept. Will you let the government tell you where to work, live, eat, drink, sleep? You are so up for limiting the rights of other well what about yours?

The free market that you communist don’t like has done more to lift people out of poverty than any government handout ever could think about. Stupid bastards scream because the republicans want to regulate morality and then turn around and try to legislate some fucked up “economic morality in the name of fairness”.
 

Charlie Ventura

Active Member
Laissez fair? What is the meaning of those two words? I believe its "leave us alone" capitalism. In other words, a market free of government interference.

The question to ask is why BP was drilling in the outer banks, drilling over five miles deep. The answer is environmental policies dictated it. They, along with other oil producers, have been forced out of drilling in 500 foot waters where repairs can be more easily made if necessary. In other words, the results of the BP spill was caused more by the environmental lobby lobbying for more restrictive laws than by BP lacking safety standards.
 

Ernst

Well-Known Member
Not much mention that oil and dispersant are still washing up on shore and people are sick at much higher rates than before.

It's all about profits.
 

jrems

Active Member
BP's safety standards or lack thereof is wholly responsible for the spill, not environmental activists........
 

Robert Paulson

Active Member
Don’t but their product if you don’t like it. I quit buying from BP a while back when Russia bought into the company.
Why people can promote a totalitarian form of government is beyond me. I want to know at what level you crazy lefties are willing to accept. Will you let the government tell you where to work, live, eat, drink, sleep? You are so up for limiting the rights of other well what about yours?

The free market that you communist don’t like has done more to lift people out of poverty than any government handout ever could think about. Stupid bastards scream because the republicans want to regulate morality and then turn around and try to legislate some fucked up “economic morality in the name of fairness”.
Republicans do not want to regulate anything except steady flow into their checking accounts. If things continue on the same track we are going to see the gap between the rich and poor grow greater as the middle class completely disappears.

I basically believe everyone in the nation needs a macro econ lesson. you hear all of the uproar about spending and taxes but guess what, that's exactly how we get got out of the great depression. The punditry we see on TV these days especially fox and msnbc is so ridiculous. Someone every now and then says something worth while but it seems like they are just preaching to the ignorant---the only people dumb enough to believe that shit.
 

redivider

Well-Known Member
the problem is the gap between the rich and the poor is getting close to being as wide as it was during the great depression.

and with a government without the balls to step in, a disaster which cost countless fishermen, restaurants, hotels, car rental companies, etc. gets dealt with bonuses for the execs charged with preventing the catastrophe... bonuses for disastrous management....

like when the financial crisis happened. they took the bailout, and gave it away in bonuses.....

long live capitalism!!!!!
 

NoDrama

Well-Known Member
Why does it have to be an "ism" or a democrat or republican that is to blame, can't you all just blame greed and low morals?
 

jrems

Active Member
Perhaps we the people should begin nominating our own candidates rather than relying upon corporations to supply them to us....
 
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