A few weeks ago, I rated new BP CEO Bob Dudley's efforts to shake up the oil-spilling giant in the wake of the Deepwater Horizon crisis. On the topic of bonuses, I reserved judgment, as the company said it would review how people were assessed and didn't offer any details on the changes.
But I never imagined they'd do this. In an email, Dudley told employees that fourth-quarter bonuses would be based solely on the company's safety record, including "reducing operational risks" and "excellent safety and compliance standards." While existing bonus performance metrics would be honored for the first nine months of the year, the Wall Street Journal reports, safety will be the only measure for the fourth quarter.
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