DALLAS -- Transocean Ltd., which owns the drilling rig that exploded last month in the Gulf of Mexico, killing 11 workers, eliminated bonuses for top executives last year after the deaths of four other workers.
The company says it eliminated the bonuses to underscore the company s commitment to safety.
Transocean spokesman Guy Cantwell said Tuesday that management recommended that the board not pay bonuses last year.
Transocean s chairman and CEO told shareholders in a letter in March of a thorough review of safety practices taking place across the company.
The Swiss company disclosed its actions in a regulatory filing April 1, less than three weeks before the rig disaster, which spawned a huge and spreading oil spill in the Gulf.