Transocean execs giving up safety bonuses

SAN FRANCISCO

The bonuses are worth more than $250,000 dollars and will go to a fund for the victims' families.

The company justified the bonuses by calling 2010 an "exemplary" year for safety.

That's despite the oil rig explosion a year ago that killed 11 workers and spilled millions of gallons of oil in the Gulf of /*Mexico*/.

The company disclosed the bonuses in a regulatory filing a few days ago, which set off intense criticism.

The company's CEO said it was never the executives' intent to diminish the effect the tragedy had on the victims.

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