The
company
announced
Rosa
would
step
down
earlier
this
month,
temporarily
replacing
him
with
the
man
Rosa
succeeded,
Gregory
Cauthen.
In
an
SEC
filing,
Transocean
said
it
would
pay
Rosa
a
lump
sum
severance
payment
of
605,000
Swiss
Francs
and
a
lump
sum
bonus
equal
to
a
pro-rata
version
of
his
target
award
for
2012.
Using
current
currency
conversion
rates,
the
severance
payment
is
equal
to
$652,744,
but
it
could
be
as
high
as
$732,050
using
what
the
company
called
in
an
amendment
to
its
2010
10-K
form
its
“long
term
exchange
rate”…
