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

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 18,126.12 -36.87 -0.20%
Nasdaq 5,097.98 -8.62 -0.17%
S&P 500 2,120.79 -2.69 -0.13%
Treasuries 2.13 -0.01 -0.23%
Data as of 3:14am ET
Company Price Change % Change
Broadcom Corp 56.25 -0.90 -1.58%
Bank of America Corp... 16.67 -0.07 -0.42%
Apple Inc 131.78 -0.26 -0.20%
Intel Corp 34.01 0.30 0.89%
Boston Scientific Co... 18.27 0.28 1.56%
Data as of May 28
Sponsors

Sections

A federal judge must decide between two starkly different portrayals of 31-year-old Ross Ulbricht, who is facing sentencing for his role in founding Silk Road. More

Brit Morin is a DIY queen. Her startup Brit + Co. inspires women and girls to be creative -- and just raised $23 million in funding. More