Transocean to give shareholders $1 billion while trying to cap its responsibility for Gulf spill at $27 million

Transocean, Ltd., the giant oil contractor that leased its Deepwater Horizon rig to BP, held a "closed-door meeting" with shareholders Friday, "just days after" executives appeared before Congress to explain the company's role in the massive Gulf of Mexico oil spill.  As ThinkProgress noted, the meeting took place at the company's headquarters in Zug, Switzerland, where Transocean relocated two years ago to avoid paying taxes. Though CEO Steven Newman "ignored questions from...