Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Friday, April 1, 2011

What the Hell?!? Friday - "Transocean Cites Safety in Bonuses " Edition

I know it's still April Fool's Day, but the WSJ has this item pre-dated April 2.

Rachel just mentioned this and it took about 5 seconds to locate it using TEH GOOGLY.

In case you need to be reminded, Transocean is the company that was running the BP oil rig that exploded last April 20, killing 11 people instantly and several hundred miles of shoreline in a rather more leisurely fashion.  The fate of several thousand people along the shore is decidedly uncertain.

Transocean Ltd. had its "best year in safety performance" despite the explosion of its Deepwater Horizon rig that left 11 dead and oil gushing into the Gulf of Mexico, the world's largest offshore-rig company said in a securities filing Friday.
 .   .   .
The payout contrasts with that for 2009, when the company withheld all executive bonuses after incurring four fatalities that year "to underscore the company's commitment to safety."

In a filing on executive pay, Transocean said, "Notwithstanding the tragic loss of life in the Gulf of Mexico, we achieved an exemplary statistical safety record." Based on the total rate of incidents and their severity, "we recorded the best year in safety performance in our company's history."

I don't think there is anything I could say that would make this better.

I don't think there is anything I could say that would make this worse.

Really.  Vocabulary fails me.


Jerry Critter said...

"statistical safety record"


I don't care about statistics in this case. Eleven people died! How can that make it ""best year in safety performance"?

What? Only because they did kill twelve?

BadTux said...

Apparently the 11 dead weren't Transocean employees, so they don't count. Or something like that. One thing's for sure, these dudes have some big brass ones to make this kind of claim. Talk about utterly shameless sociopaths...

Which brings up the real reason Libertopia is a hellish nightmare... in Libertopia, sociopaths who enjoy killing for profit or fun or both come out on top, because they lack the slightest bit of human empathy and thus have no problem making the decision to pull the trigger and watch people die. And that's where we are right now -- with the most venal, evil sociopaths on the planet in charge of many of our most powerful institutions. In a better world, they would all be working menial jobs under court supervision to make sure their sociopathic tendencies didn't turn them into serial killers or something. In today's world, though, they become serial killers... but because they use a corporate structure to do their killing, do so with impunity.

- Badtux the Sociopath-scryin' Penguin

Jazzbumpa said...

When Barbara Tuchman was writing A Distant Mirror, I wonder if she had any inkling how much our time would come to resemble the 14th century.


BadTux said...

I guess I need to finish my song "Serfin' USA", it seems more appropriate every day...

- Badtux the Snarkily Musical Penguin

Janja said...

Sickening. Makes me question why they didn't give bonuses in 2009. Maybe it had something to do with the abundance of power the Supreme Court has given them since then.