Monday, April 04, 2011

Corporatist Infallibility: Cashing in on Carnage


"Notwithstanding the tragic loss of life in the Gulf of Mexico, we

achieved an exemplary statistical safety record as measured by

our total recordable incident rate and total potential severity rate...

As measured by these standards, we recorded the best year in safety

performance in our Company's history."


-----Transocean Inc. statement to SEC for 2010.


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This statement was released to SEC for fiscal year 2010 to establish

legitimacy for raising bonuses and wages of executives for

Transocean. Their negligence was instrumental in the Deepwater

Horizon disaster which killed 11 men and dumped record amounts

of oil in the Gulf of Mexico. The terms "incident rate" and "potential

severity rate" are straight out of the Pentagon school of rhetorical

honey over wormwood.

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Major banks crashed the world economy and emerged stronger than

ever rewarding themselves with record bonuses in the years after a

descent they engineered. Globalist Corporate and Finance culture

rewards the big money players with a profitable Infallibility that'd

make a Renaissance Pope green with envy. Total absence of shame as

they cash in is the icing on the cake.

1 comment:

Anonymous said...

shame cannot exist in a vacuum