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Bombardier’s top execs get almost 50% pay raise as company lays off thousands, taps government aid

Thursday, March 30, 2017 21:25
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We have no problem with anyone getting paid for performing well in the marketplace. However, if one is leaning on the taxpayers to make ends meet (or worse leaning on taxpayers simply because one can) perhaps a 50% executive pay increase isn’t warranted.

(From The Financial Post)

Bombardier’s senior executives saw their compensation rise by nearly 50 per cent last year at a time when it laid off thousands of workers, sought government aid and saw the first CSeries passenger jet take flight.

Total compensation for the Montreal-based company’s top five executives and board chairman Pierre Beaudoin was US$32.6 million in 2016, up from US$21.9 million the year before, according to a proxy circular ahead of its May 11 annual meeting.

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Source: http://www.againstcronycapitalism.org/2017/03/bombardiers-top-execs-get-almost-50-pay-raise-as-company-lays-off-thousands-taps-government-aid/

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