Thursday, July 1, 2010
Safety, Cost and Bonuses
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An article in the June 29, 2010 Wall Street Journal, “As CEO Hayward Remade BP, Safety, Cost Drives Clashed”, fills in some real world examples of the dynamics of conflicting goals within BP and presumably contributing to the current spill disaster. The presence of compensation incentives may have played a role in how safety vs. cost decisions were being made. We will be focusing more on this issue in upcoming posts.
The Safetymatters safety culture information, analysis and management website is licensed under a Creative Commons Attribution-No Derivative Works 3.0 Unported License. If you share or reuse any material from this website, please credit Safetymatters.
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