Analysts say Transocean's (RIG -1%) CFO, ousted yesterday, probably was the victim of a pair of...

|About: Transocean Ltd. (RIG)|By:, SA News Editor

Analysts say Transocean's (RIG -1%) CFO, ousted yesterday, probably was the victim of a pair of costly and "ill-timed" deals that “had obviously rendered the status quo management structure untenable.” But Wells Fargo is comforted by the appointment of predecessor Greg Cauthen to the job, signaling an “orderly rather than hasty transition process."