Bombardier to surprise shareholders about changes to executive compensation
Bombardier is approaching to rigourously surprise shareholders currently about changes to a remuneration for several of a tip executives when it files a new substitute round with a bonds regulator.
Chief executive Alain Bellemare has asked a house to check remuneration of some-more than half of final year’s sum designed remuneration for 6 executive officers, including himself, by one year to 2020, supposing a association meets certain objectives.
Executive authority Pierre Beaudoin also asked a house to cut his 2016 remuneration by US$1.4 million to move it in line with what he perceived a prior year.
That hasn’t confident protesters and antithesis politicians who contend a company’s annulment doesn’t go distant enough.
On Sunday, protesters threw paper airplanes in front of Premier Philippe Couillard’s Montreal bureau as they called on a association to retreat a raises altogether.
They also criticized a Quebec supervision for not carrying insisted Bombardier protect jobs and extent raises as a association perceived US$1 billion in taxpayer dollars.
The 2016 remuneration figure was roughly 50 per cent some-more than a volume paid to a same executives in 2015, but Bombardier argued it was not suitable to review a dual years since some of a executives started their jobs during several times in 2015 and didn’t work a whole year.
Article source: http://www.cbc.ca/news/business/bombardier-shareholders-compensation-1.4063420?cmp=rss