Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

BP to base bonuses on safety

By Annalyn Censky, staff reporter


NEW YORK (CNNMoney.com) -- In his latest attempt to change the culture at BP in wake of the Gulf of Mexico oil spill, new chief executive Bob Dudley told staff in an e-mail this week that their next bonuses will be based solely on how they meet safety guidelines.

BP usually determines bonuses based on how employees meet operational and financial goals, as well as safety rules, said BP spokesman Toby Odone, who confirmed the existence of the internal e-mail. It was originally reported by The Wall Street Journal.

While bonuses in the the first three quarters of the year will still be based on all the yardsticks, safety will be the only measure determing employee bonuses in the fourth quarter, he said. The change doesn't affect base salaries.

BP has withstood fierce criticism for putting profits before safety and environmental concerns, after an April explosion aboard the drilling rig Deepwater caused thousands of gallons of oil to gush into the Gulf of Mexico for months. To top of page

Search for Jobs

Index Last Change % Change
Dow 20,701.50 150.52 0.73%
Nasdaq 5,875.14 34.77 0.60%
S&P 500 2,358.57 16.98 0.73%
Treasuries 2.41 0.04 1.52%
Data as of 3:25am ET
Company Price Change % Change
Bank of America Corp... 23.48 0.45 1.95%
Ford Motor Co 11.65 0.19 1.66%
Chesapeake Energy Co... 5.39 0.23 4.46%
Advanced Micro Devic... 13.69 -0.01 -0.07%
Apple Inc 143.80 2.92 2.07%
Data as of Mar 28
Sponsors

Sections

A top banking regulator cited the "egregious nature" of "discriminatory and illegal" credit practices at the bank, while downgrading Wells Fargo's community lending rating on Tuesday. More

The House voted to repeal Internet privacy protections. The future of online privacy is now in President Trump's hands. More