inspei inspected the rig. those that did were paid by the operator, in this case, transocean. also handy. hey, me, how you doing? i m doing good. thanks, me. see you again, me. transocean filed a petition to have its legal liability resulting from this disaster in the gulf limited to $27 million. that works out to roughly three days of transocean profit. that s what they make in profit in three days. as outrageous as this behavior may seem, this is not outrageous behavior for a corporation. a corporation is not a person. a corporation isn t moral or immoral. a corporation is by design a device that is created by humans. it s on paper and its purpose is to seek profit. and so obviously it makes sense for transocean just like it makes sense for the rachel maddow show to relocate here to beautiful zug, where the tax
brain, the yodelling. it s like you have jewelry in your ear, like a nose stud or something. it s like having your frontal lobe picked with an ice pick again and again and again. transocean used to be an american company. it was headquartered in delaware, but now transocean is a swiss company, by which i mean a couple dozen employees have moved to switzerland while 1300 or so employees are in houston, texas. got that? roughly 1300 employees in texas, roughly 13 employees in switzerland. so naturally they want to be thought of as a swiss company. here s the building in zug where transocean rents a little bit of office space. they call it their company s headquarters. earlier today transocean held its annual shareholders meeting here in zug. because they are nominally a swiss company, because they re located here in beautiful zug, transocean doesn t pay a whole lot in taxes. zug levees no taxes whatsoever
figured we d follow their lead. among the companies that have relocated here to zug, transocean, whose name probably sounds familiar to you, because it was their deep water oil rig that exploded in the gulf of mexico last month and is causing the enormous oil spill that continues to gush off the coast of louisiana. this, zug, is where transocean is headquartered. zug, switzerland. now, i know what you re thinking. why would a deep water drilling company like transocean be located in a landlocked nation? like switzerland? well, on our way over here today we decided to surf around a little bit on myswitzerland.com, and found among the many charms of zug, quote, it is highly rated by business people because of the low rates of taxation. huh. really. you re kidding. okay. thank you. has a form of piercing the
either. nine needles. that s countdown, forces written by james thurber. and now to analyze alaska senator murkowski with senator sanders of vermont, here is rachel maddow. good evening, keith. thank you very much. and thanks to up at home for staying with us for the next hour. tonight we have decided to pick up the show and relocate. we ve relocated to zug, switzerland. that s right, zug. it s a beautiful place, really. lovely alpine horn sounding in the distance. kent jones, as you can see, has adopted the local dress. he looks awesome. why did we decide to pick up and move to zug, switzerland? that s what a lot of big companies decided to do and we