Today’s Pack of Putrid Punditry goes to Transocean. This one might end up in the Putrid Punditry Hall of Fame.
Despite the deaths of 11 workers on one of its Gulf oil rigs and despite having a hand in the worst environmental disaster in US history, Transocean Ltd. has decided to hand out huge bonuses to its executives.
Some of these corporations just can’t help it. Facts don’t matte to them and reality doesn’t matter to them. They have to hoard more money, as much money as possible and as fast as possible for the top execs.