Transocean Investors Uphold Executives’ Liability for 2010
Votes in favor represented 44 percent of those cast, while 55 percent were against and the rest abstained, the Transocean filing with U.S. financial regulators said Wednesday.
Last year’s BP well blowout, which sank a Transocean rig and caused a disastrous oil spill in the Gulf of Mexico, led to a flurry of legal actions as the parties involved and those affected by it seek to attribute blame and recover damages.
The same proposal a year before, to discharge Transocean’s board directors and executive officers from liability for activities in 2009, received 94 percent of the votes.
At the most recent shareholder meeting in Switzerland, the company also named a new chairman to succeed retiring Robert Rose, bringing back a former chief executive and chairman, Michael Talbert, to head its board.
(Reporting by Braden Reddall, editing by Maureen Bavdek)
- Insurer Chubb Readies $350M Payout Tied to Baltimore Bridge Collapse
- Biden Vetoes Bid to Repeal US Labor Board Rule on Contract, Franchise Workers
- Class Action Settlements Flooded With Fraudulent Claims by Scammers
- Rising Prices, Low Satisfaction Drive 49% of Customers to Shop For New Auto Insurance