Transocean Looks for Some Magic From Football Star Turned CEO

Lock
This article is for subscribers only.

If the state of Texas has two major religions -- football and oil -- then Jeremy Thigpen, already a star in one, seeks to become a miracle worker in the other.

At Rice University in 1994, he helped lead his team to an upset victory over the University of Texas. Investors would like to see a little of that magic now after the 40-year-old Texas native took over in April as chief executive officer of drilling rig company Transocean Ltd., the worst performer in the Standard & Poor’s 500 Index last year.