Execs give bonuses to victim kin Gulf

Transocean CEO Steven L. Newman and four other executives are more than $250,000.Transocean Ltd. executives executives donations pay for partial security BonusesExecutives donations increases the safety record, security RecordDespite Golf explosion oil spill earlier SEC filing of SaysCash awards based in part on company, Company named 2010 "Best year in security"

(CNN) - top-executives of the company, which Tuesday donate they owned which announced oil rig deepwater horizon security bonuses for the families of the 11 workers killed in the April 2010-explosion in the Gulf of Mexico.

The announcement follows criticism of a financial Transocean Ltd. login that 2010 was his "best year" in security often.

"The management team this decision because we believe the right thing to do, made," CEO Steven Newman said in a statement on Tuesday. "Transocean is nothing more important than our people, and it was never our intention to reduce the impact that the Macondo has tragedy to those, who love lost," he said. "We offer our most sincere apologies and regret we has the impact of this matter on the entire Transocean family."

The five executives are more than 250,000 dollars to the deepwater horizon Memorial Fund, donations founded the Transocean. The Fund has more than $1.6 million distributed to the 11 families.

The executives have been identified as Newman; Ricardo H. Rosa, senior Vice President and chief financial officer; Arnaud design Bobillier, executive Vice President, asset and performance; Eric Brown, executive Vice President, legal & administration; and Ihab M. Toma, executive Vice President, global business.

Transocean Ltd., said in a recent filing with the U.S. Securities and Exchange Commission, hefty bonuses and increases to top executives partly based on the performance of the company "security" in the last year.

"Notwithstanding the tragic loss of life in the Gulf of Mexico, we an exemplary statistical safety record reached interest rate, measured by our total recordable incident and total potential severity" the SEC statement reads. "These standards measured, we recorded the best year in safety in the history of our company."

Security accounted for 25% of the performance measures, the the 2010 bonus plan, definitely specified the proxy form.

Transocean attempts you first deactivate the water with an apology Monday.

"We recognise that some of the wording in our 2010 can proxy statement relating to the incident, which claimed the lives of eleven exceptional men in the last year been insensitive and we deeply regret that may have caused it pain" Transocean said in a statement to CNN. "Nothing in the proxy should minimise this tragedy or reduce the impact it has on those, who love lost." "Continue to mourn the loss of those friends and colleagues everyone at Transocean."

The April 20, 2010 explosion on the deepwater horizon rig, BP, 17 workers injured leased, and killed 11 others, including nine Transocean employees, according to the SEC filing. It was the worst spill in US history called. The fountain was limited to three months later, spilled but not before millions barrels of oil into the Gulf.

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Despite Gulf oil spill rig gain own executives large bonuses

Transocean declared 2010 "the best year in security" in the company's history despite the oil spill Golf.Transocean executives receive pay raises, bonuses, SEC filing of SaysCash Awards claimed security RecordDespite Gulf oil spill, company based "Best year in security" in the part on company 2010

(CNN) --deklarieren 2010 "the best year in safety in the history of our company," Transocean Ltd., maker of the oil rig in Gulf of Mexico, the exploded, killing 11 workers, received the top executives of hefty bonuses and raises, according to a final account at the U.S. Securities and Exchange Commission.

These include $ 200,000 for Transocean President and Chief Executive Officer Steven L. Newman, whose Jahresgehalt of $900,000 1.1 million US dollars will increase, according to the SEC report a raise. Newman's bonus was $374,062, the report says.

Newman has also a 5.4 million US-dollar long-term compensation payments, which awarded the company after his appointment as CEO in March 2010, according to the SEC filing.

Based the latest cash awards part on the performance of the company "security," says Transocean submission.

"Notwithstanding the tragic loss of life in the Gulf of Mexico, we an exemplary statistical safety record reached interest rate, measured by our total recordable incident and total potential severity" the SEC statement reads. "These standards measured, we recorded the best year in safety in the history of our company."

Transocean President Steven L. Newman received a raise $ 200,000.

The company called the "a reflection of our commitment to achieve at any time, anywhere, a incident environment," record the SEC filing says.

The company did not respond to an E-mail from CNN seeks comment.

The April 20, 2010, 17 workers injured on the deepwater horizon rig explosion and killed 11 others, including nine Transocean employees, according to the SEC filing. It was the worst spill in US history called.

The fountain was limited to three months later, spilled but not before millions barrels of oil into the Gulf.

President Barack Obama National Commission for the BP deepwater horizon oil spill and offshore drilling published in January a report, the blame for the accident under Transocean, BP-leased the Rig-and Halliburton, the the rig cement casing installed to spread.

The Commission has problems with deepwater drilling are "systemic" and, that only "important reform" prevents a further disaster.

Another March 23 published report found that a piece of the Prestige oil spill drill pipe in the platform rig blowout preventer to stop a machine oil of flows captured caused in the Gulf. The report was of various U.S. provide, among other things the Interior Department and the Department of homeland security given in order.

The Interior Department has a much broader report said, which relies on additional data sources-including eye-witness accounts and exhibition-will be published this summer.

The oil spill caused a flood of lawsuits against BP, Transocean and Halliburton from a variety of plaintiffs, including owner of Gulf Coast company, who claim that they suffered heavy financial losses due to the spill.

The plaintiffs also Transocean shareholders who claim the company falsely claimed that past had fixed security issues with its blowout blowout, before the Gulf spill.

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