Transocean CEO Steven l. Newman and four other executives will make a donation of more than $250, 000.Transocean Ltd. executives will make a donation of security bonusesExecutives to pay raises partly to the Security folder, dry in earlier saysCash awardsbased in part on the company safety recordDespite explosion, called 2010 company Gulf oil spill "better year for security".(CNN) - of executives of the company owned by the Deepwater Horizon drilling rig announced Tuesday that they will make a donation of their premiums for security for the families of the 11 workers killed in the explosion of April 2010 in the Gulf of the Mexico.
This announcement follows the criticism of a financial deposit Transocean Ltd. who claims 2010 has been "its best year" safely.
"Taken management team this decision because we believe that it is the right thing to do", Director General Steven Newman said in a news release Tuesday. "Nothing is more important for Transocean than our people and it was never our intention to decrease the effect the tragedy of Macondo had on those who have lost loved ones", he said. "We offer our most sincere apologies and we regret the impact that this case has had on the entire Transocean family.".
Five executives will make a donation of more than $250,000 in Deepwater Horizon Memorial Fund, which Transocean established. The Fund has distributed more than 1.6 million to 11 families.
Managers have been identified as Newman; Ricardo h. Rosa, senior Vice President and Chief Financial Officer; Arnaud A.Y. Bobillier, executive vice president, active and performance. Eric Brown, Vice President Executive, legal & administration; and Mr. Ihab Toma, executive vice president, global business.
Transocean Ltd., in a recent filing with the U.S. Securities and Exchange Commission, said hefty bonuses and raises top executives have been based in part on "performance in security company" last year.
"Notwithstanding the tragic loss of life in the Gulf of the Mexico, we have reached an exemplary statistical balance measured by our total recordable incident rate and the rate of total gravity potential," the SEC statement reads. "Such as measured by these standards, we recorded the best year in safety performance in the history of our company."
Security represents 25% of the performance measures that determined the 2010 bonus plan, said the proxy form.
Transocean has tried to erase the water first with apology Monday.
"We recognize that some of the wording in our 2010 proxy statement may have been insensitive in light of the incident which caused the death of eleven exceptional men from last year and we regret deeply any pain that might have caused" Transocean said on CNN. "" "". Nothing in the proxy was designed to minimize this tragedy or to reduce the impact, he was on those who have lost their loved ones. Everyone at Transocean continues to mourn the loss of those friends and colleagues. ?
The explosion on the rig Deepwater Horizon, which has been leased to BP, April 20, 2010, 17 workers injured and killed 11 others, including nine Transocean employees, according to the SEC filing. He has been called the worst oil spill in the history of the United States. The well has been selected three months later, but not before millions of barrels of oil spilled in the Gulf.
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