Ninja's Place
Would you like to react to this message? Create an account in a few clicks or log in to continue.


[ A forum dedicated to hardcore combat sports fans. ]
 
Home PageHome Page  HomeHome  GalleryGallery  SearchSearch  Latest imagesLatest images  RegisterRegister  Log in  

 

 Despite Gulf oil spill, rig owner executives get big bonuses

Go down 
AuthorMessage
Primetyme199
Brown Belt
Brown Belt
Primetyme199


Posts : 2916
Join date : 2009-07-30
Location : NJ

Despite Gulf oil spill, rig owner executives get big bonuses Empty
PostSubject: Despite Gulf oil spill, rig owner executives get big bonuses   Despite Gulf oil spill, rig owner executives get big bonuses EmptyMon Apr 04, 2011 8:16 am

(CNN) -- Declaring 2010 "the best year in safety performance in our company's history," Transocean Ltd., owner of the Gulf of Mexico oil rig that exploded, killing 11 workers, has awarded its top executives hefty bonuses and raises, according to a recent filing with the U.S. Securities and Exchange Commission.

That includes a $200,000 salary increase for Transocean president and chief executive officer Steven L. Newman, whose base salary will increase from $900,000 to $1.1 million, according to the SEC report. Newman's bonus was $374,062, the report states.

Newman also has a $5.4 million long-term compensation package the company awarded him upon his appointment as CEO in March 2010, according to the SEC filing.

Full Article: http://www.cnn.com/2011/BUSINESS/04/03/gulf.spill.bonuses/index.html?hpt=T2
Back to top Go down
 
Despite Gulf oil spill, rig owner executives get big bonuses
Back to top 
Page 1 of 1
 Similar topics
-
» Prius owner snaps at "ignorant" truck owner
» Oil Spill
» Another massive oil spill
» OH MY GOD ANOTHER BP SPILL HAS HAPPENED
» Who do you call on for help with the BP oil spill?

Permissions in this forum:You cannot reply to topics in this forum
Ninja's Place :: General Discussion :: Off-Topic-
Jump to: