Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life

Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (Full Version)

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Brain -> Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/25/2010 7:58:20 PM)
Corporate corruption is ruining America, and the world. Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life The memo, which was sent in 2002, describes plant construction in terms of the Three Little Pigs fable. BP concluded that a brick home presented a better cost-value ratio than a blast resistant home. A BP spokesperson said to The Daily Beast that the company has "fundamentally changed the culture of BP" since a rig explosion in 2005. For Deepwater survivors who have held off on suing their employer, this shocking memo could be a turning point. Bloodhound oil rig prosecutor Tony Buzbee said yesterday "Many of these men that work for Transocean [and BP] are very loyal." How now? http://www.businessinsider.com/shocking-bp-memo-shows-company-put-cost-before-safety-for-workers-2010-5 [image]local://upfiles/392475/6A771EF83112474CAAE1B05D0AEFFDD6.jpg[/image]

DCWoody -> RE: Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/25/2010 8:48:10 PM)
That's a fairly standard comparative device, I would have assumed, seeing that pic, that it was standard example of cost/benefit for use with....eg...durability of equipment.....and I'm not convinced by the article that that is anything to do with human life....maybe I'm wrong, but it looks like they've taken a cost benefit analysis with the BP logo on it and just decided that it was designed for human life..... that view apparently wasn't accepted at the enquiry into the 2005 explosion. It looks to me like some educational thingy, presumably aimed at people fairly low down the corporate ladder. tl;dr - don't believe everything you read in news, the story may possibly be accurate, but it looks like bullshit kicking the arse of the hour to me.

Brain -> RE: Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/26/2010 1:52:43 AM)
Whether they have a document or not my opinion is based on BP’s behavior and actions and that opinion is BP doesn’t care enough about it’s employees – their number one priority is profit. Management has been careless, reckless, and irresponsible. They should be charged with manslaughter and pay all costs to clean the mess up as well as the economic losses.

SirPumpy -> RE: Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/26/2010 2:36:28 AM)
Its a common corporate practise as their staff are a human asset and sometimes a liability. I got head hunted a while ago by a company that approaches good staff and makes them an offer on behalf of another corporate entity and based on my public performance they calculated my value or worth to 2 decimal places. Its not uncommon, nor is it normally hidden. There was even a movie made about this and the kidnap and ransom industry. Callus maybe but not uncommon. SP

subrob1967 -> RE: Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/26/2010 3:59:55 AM)
How exactly is a British company destroying America?

LadyEllen -> RE: Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/26/2010 4:19:46 AM)
The question that must be asked is whether BP has "Dead Peasant" insurance policies on its people (as is quite widespread in the US by all accounts) under which, should an employee die in service the company collects - not on behalf of or for surviving family but on behalf of and for the company - a few million dollars. The younger an employee is the more they get, and women pay more than men. One might presume from such arrangements that it might be in the interests of the policy holder to have a few deaths in service over each year - but you know what the masses are like - obstinately living on and all. As for the rest, of course business puts a pricetag on human life; "our people are our greatest asset" is more than some marketing spiel. Ask an actuary. E

DarkSteven -> RE: Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/26/2010 7:09:54 AM)
A cost-benefit analysis is a standard thing. Showing a memo referencing the Three Little Pigs shows that you're unearthed something from a training course in risk assessment - anyone would be fired for sending out something that childish anywhere else. This may shock you, Brain, but people who have to take actions that lives depend on, do not have unlimited resources and must cost in the value of a life to get anything done. When I worked at Rocky Flats as a risk assessment analyst, I did that frequently, and we valued a human life at about $1 mil - $10 mil.

FirmhandKY -> RE: Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/26/2010 7:57:00 AM)
quote: ORIGINAL: Brain Corporate corruption is ruining America, and the world. Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life What is the monetary cost of a life? In-depth discussion of the topic. Firm

MC4Misfit -> RE: Uncovered BP Memo Shows How Company Placed A Pricetag On Human Life (5/26/2010 10:32:02 AM)
Nope, not a new thing at all. There was some fuss here in the US about some proposed environmental legislation. It called on companies to show that how they proposed to do things was the most cost effective, and they proposed that a human life be valued at $3 million. I don't remember how that all came out. Heck it even occurs in the Bible (Romans if I remember correctly). There is a passage that says if a neighbor's bull kills your slave you can order the bull killed and the neighbor has to pay 20 silver shekels. I know it sounds disturbing, but in the end accountants have to look at EVERYTHING in monetary value. I remember from the accounting class I took we had examples of accounting for the value of "good will". If they can put a monetary value on that, they can on pretty much anything.

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