03 April 2011

The rewards of performance

Remember the folks who brought you the BP oil platform explosion and the oil leak into the Gulf? What did they suffer from such lax, and expensive, incompetency?

Bonuses all around.

From 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.

Meanwhile I win a big teaching award and an effective pay cut along with it.

makes you wonder what they were doing in all those other years.

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