Transocean sticks foot in mouth, twice

First, the owner of the Deepwater Horizon rig that blew up last year, killing 11 workers and causing a massive oil spill, made the incomprehensible statement that 2010 was the “best year in safety performance in our company’s history.” If that’s true, well, it doesn’t speak well for Transocean Ltd.’s safety record. If it’s not true, then Transocean’s executives probably shouldn’t have been given bonuses and raises partly for the company’s “performance under safety.”

But then, after the wording in the proxy statement caused a controversy, the company put out another statement acknowledging that talk of 2010 being the company’s best year for safety “may have been insensitive in light of the incident that claimed the lives of eleven exceptional men last year…”

Gee, you think?

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