50 SKY SHADES - World aviation news

Bombardier's Executive Chairman Makes Statement Declining Compensation Increase for 2016

Download: Printable PDF Date: 02 Apr 2017 11:29 categories:
Publisher:
Bombardier's Executive Chairman Makes Statement Declining Compensation Increase for 2016 - Finance publisher
Tatjana Obrazcova
Country: Canada Aircraft: Airplanes

Bombardier announced that Mr. Pierre Beaudoin, Bombardier’s Executive Chairman, has requested that the Bombardier Board of Directors reset his compensation for 2016 to bring it back to its 2015 level.

“After listening to the recent public debate about the compensation of senior executives at Bombardier, I have asked the Board of Directors to reset my 2016 compensation, reducing it to the 2015 level. Bombardier is a proud Canadian company, with a storied history that began in Quebec and has spread around the world as our business has expanded. The trust and confidence of our people and our governments are extremely important to the company, and to me. It is clear that this situation has become a distraction to the important work done by our employees and senior management to return this great company to growth. I take this step to put the focus back on what matters – the transformation of Bombardier into the most competitive plane and train manufacturer in the world.” – Pierre Beaudoin, Executive Chairman, Bombardier

The company will file a supplement to its 2017 Management Proxy Circular next week to reflect the change to Mr. Beaudoin’s 2016 compensation.



Loading comments for Bombardier's Executive Chairman Makes Statement Declining Compensation Increase for 2016...


Recommended

HNA General Aviation Explores New Models to Support Building China’s “Belt and Road”

General Aviation has became the focus in China after the State Council released “Guidelines to Promote the Development of the General Aviation Industry” which are aimed to building new inf...

Falcon Aviation celebrates first year at Dubai South FBO with IS-BAH Accreditation

Falcon Aviation is celebrating the completion of its first anniversary at its FBO in the VIP Terminal at Al Maktoum International Airport (Dubai South) with the news that it has been awarded Internati...

Zhukovsky International Airport can become a "bridge" between China and Russia

Zhukovsky International Airport and Pegas Fly airline announce the launch of a large-scale program to support Chinese tourism in the Russian Federation and the launch of a flight on the route Jinan (P...

Boeing, Avation PLC Deliver Philippine Airlines' 10th 777-300ER

Boeing and leasing company Avation PLC celebrated the delivery of Avation's first Boeing airplane, a 777-300ER (Extended Range), that will be leased and operated by Philippine Airlines. Th...