I offer this without much comment, because I'm not sure there's all that much to say.
The top executives of Transocean Ltd. were awarded bonuses this year. The bonuses included safety bonuses for, as the company put it in it's regulatory filing, "significantly improving the company's safety record".
You will, of course, remember Transocean as the operator the Deepwater Horizon rig that blew up and sank in the Gulf of Mexico not quite one year ago.
To be fair, the article mentions that they only got two-thirds of their safety bonus, which makes me wonder if their target was to not have three of the largest oil disasters in history occur during the fiscal year.
Only one? Good job! You get 2/3 of a cookie.
Total compensation for the CEO was about $5.8M, which included an $850K base. The base represents an increase of 34% over last year.
Transocean Ltd is publicly traded company. If you hold any of it (NYSE: RIG), that's your money being handed out.
Well done boyos. Onward and upward.