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Transocean Ltd Strategy Time Money-Saving Decisions

Transocean Ltd our world’s largest off-shore oil rig company
continues to astonish continues to share market make a mark
after stain marking Gulf of Mexico inking in over 200 million
gallons of oil by rush exploding their rig Deep Water Horizon

now rubbing salt callously cruelly into pristine polluted raw wounds
vile nature destroying company awarded managers healthy bonuses
bonuses for major component safety to honour their environmental
strategy a series of time money-saving decisions deliberately aimed

at creating what President Barack Obama’s investigation commission
termed “an unacceptable amount of risk.” Secret Transocean policy
is revealed executive compensation bonuses motivating executives
“to keep up the good work” of cutting more dangerous safety corners

to correct what went wrong in management of Deep Water Horizon
rig takes profit profit profit time wasting big money money money
bonuses give all the wrong incentives to do the wrong thing when
principled leadership is lacking and environmental damage fines are

small change ignored. ‘The Wall Street Journal’ reports company’s “management reckons 2010 as its “best year in safety performance”
in spite of the accident” because cutting safety corners made extra
money money money. Transocean identified their magic bean profit

formula with celebratory words “we achieved an exemplary
statistical safety record.' Based on the total rate of incidents
and their severity' we recorded the best year in [our] safety
performance in our company's history.' in dollar profit terms

trashing Gulf of Mexico was a good profit write off investment

Copyright © Terence George Craddock
Source of data ‘The Worden Report’ article ‘Transocean Executive Compensation Bonuses for 'Best Safety Year in 2010' in spite of the Deep Water Horizon Explosion’ posted by Dr. Worden.

poem by Terence George Craddock
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