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 17,039.49 60.36 0.36%
Nasdaq 4,532.10 5.62 0.12%
S&P 500 1,992.37 5.86 0.29%
Treasuries 2.41 -0.02 -0.78%
Data as of 6:22pm ET
Company Price Change % Change
Bank of America Corp... 16.16 0.64 4.12%
eBay Inc 55.89 2.49 4.66%
Hewlett-Packard Co 37.00 1.88 5.35%
Intel Corp 35.15 0.65 1.88%
Apple Inc 100.58 0.01 0.01%
Data as of 4:03pm ET

Sections

Russian officials have shut four McDonald's restaurants in Moscow, including the first to open in the city nearly 25 years ago at the end of the Cold War. More

The Heartbleed bug is to blame for the hospital hack that stole 4.5 milliion patient records. If true, brace yourself for similar, mega data breaches. More

This Canadian startup founder faced the threat of deportation because he was on the wrong visa. Problem is -- there's no startup visa for entrepreneurs. More

This month, Delaware became the first state to pass a law giving heirs the right to access the online accounts and assets of someone who has passed away. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.