Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Amid backlash, Bombardier cuts chairman's pay to 2015 levels

Published 04/11/2017, 04:04 AM
Updated 04/11/2017, 04:04 AM
© Reuters.  Amid backlash, Bombardier cuts chairman's pay to 2015 levels
  • As part of an ongoing row over compensation at Bombardier (OTCQX:BDRAF), the company says its board had agreed to cut the 2016 pay of Executive Chairman Pierre Beaudoin back to its 2015 level of $3.8M.
  • That's down from the $5.2M he was set to receive as one of several senior officials who got pay raises following a couple of rounds of layoffs and the receipt of a $372M loan package from the government last month.
  • Beaudoin had asked the board to reset his compensation since the issue has turned into a "distraction" from regular work.
  • Total compensation for the company's top five execs and chairman rose to $32.7M from 2015's $21.9M, sparking protests outside the company's Montreal headquarters.


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.