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.
UPDATE: TRUDEAU DEFENDS GOVENMENT AID TO BOMBARDIER
Prime Minister Justin Trudeau is defending his government’s decision to provide federal assistance to Bombardier after the company’s senior executives saw their compensation rise by nearly 50 per cent last year.
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