Compensation to Bombardier senior executives rose nearly 50 per cent last year
MONTREAL — 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.
CEO Alain Bellemare received US$9.5 million, up from US$6.4 million in 2015, including US$5.2 million in share and option-based awards and a US$1 million salary. His annual bonus almost doubled to US$2.36 million.
Beaudoin’s compensation increased to US$5.25 million from US$3.85 million a year earlier.