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Could it be that, in the outrage over the safety bonuses awarded to top executives at Transocean (RIG), two other striking parts of the company’s proxy go largely overlooked? Transocean, of course, is the offshore drilling contractor that owned the Deepwater Horizon drilling rig that burst into flame a year ago, killing 11 and triggering [...]
Transocean (RIG) got some press yesterday for the $267-million gain it recorded from an insurance settlement for the Deepwater Horizon, its drilling platform in the Gulf of Mexico that burned and sank after the well it was drilling blew on April 22. It also announced net income of $715 million. But deeper in the company’s [...]
Stark reminders of the reach of the Deepwater Horizon oil spill continue to surface in the filings, sometimes in unlikely places. The most recent: The J.M. Smucker Co. (SJM) — purveyor of jellies, Crisco, and Jif peanut butter — warned in the annual report it filed yesterday that the disaster could interfere with its Folgers [...]
