tagged w/ technical
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Corporate executives at Transocean, the company that operated the drilling rig that exploded killing 11 workers and causing the Mecondo spill in the Gulf of Mexico have given themselves huge bonuses claiming 2010 was their best safety record year ever.
----" Transocean President and Chief Executive Officer Steven L. Newman received about $4.3 million in cash bonuses and stock and option awards. With other compensation—such as pension increases and cost of living, housing, and automobile allowances—Newman earned $6.6 million in 2010, almost $1 million more than in 2009.
His base salary, $900,000 in 2010, will increase 22 percent to $1.1 million in 2011."-----
In addition, top executives are using proxy voting power to protect themselves from civil liability shifting financial responsibility from themselves to the companies shareholders for their actions.
-------" In the proxy, Transocean’s directors also ask shareholders to shelter “the Board of Directors and the executive management From liability for activities during fiscal year 2010.” The company is being sued by some shareholders for failing to monitor risk leading up to the spill."---------
Not only that, in the comments section, the author of the blog on Forbes Financial details how the company made a $94 million profit on insurance pay outs over the incident.
The author, Jeff MacMahon, has given me permission to post this link to his article on Forbes. I urge you to read his article for more details on these outrageous financial transactions by Transocean. I also hope you will look at other articles Jeff has posted on Forbes. I think that Jeff's technical understanding and level of research and journalistic expertise is excellent and deserves to be seen by a wider audience.Corporate executives at Transocean, the company that operated the drilling rig that... more
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Wetdog
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added this
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2 years ago
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Forex is the most dangerous asset because of the leverage that it implies and gives a trader
Power Pick: (DHR)Forex is the most dangerous asset because of the leverage that it implies and gives a... more
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Eupraxia is a National Level Technical Symposium conducted annually by the Association of Electrical and Electronics Engineers (AEEE) of SSN College of Engineering, Chennai, India. From Paper Presentation and Project Display to Robotics and Circuit Debugging, the symposium comprises of events where the biggest battles of wits can be witnessed. Thousands of students throng to this technical meet every year. Eupraxia ‘10 is this year's edition of the event and promises a huge total prize money of about Rs.1,00,000/-. There are also numerous workshops being conducted during the event. Eupraxia ‘10, to be held on August 31st, is definitely the place to be for students who want to prove their mettle.Eupraxia is a National Level Technical Symposium conducted annually by the Association... more
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Want an outlet for your creative ideas? Like to share your opinion, tell a story, or write articles on just about anything that interests you? Why not build a blog. No need to worry about those technical computer languages and codes. Learn how to do all these by simply clicking some buttons. Yes, thanks to WordPress Free Blogging Platform Software.Want an outlet for your creative ideas? Like to share your opinion, tell a story, or... more
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We had a meeting. This is how it went.
John informed me that his internet connection isn’t working
We talked about memes.
Andrew instant messaged me
I gave him the code
Andrew called in
Andrew closed the meeting at 11:43.
Andrew asked me to send out this note, because I’m the funny guy.
Then I tried to tell him this joke: “I cured cancer, so my family could eat during the long cold winter.
He didn’t get it.
It was a joke about curing meat.
On 8/26/09 12:07 PM, "Joshua Heller" wrote:
Can I publish this as a blog post, or does this constitute confidential info?
On 8/26/09 12:09 PM, "Sarah Lane" wrote:
I think you should keep the part about memes confidential. We don’t want anyone else to know what our memes are, or they could steal them and pass them off as their own.
On 8/26/09 12:17 PM, "Mario Anima"wrote:
Agreed.
All our memes are belong to us.
We had a meeting. This is how it went.
John informed me that his internet... more
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