For Quebecers, Bombardier’s shine has worn off
By all accounts, Quebecers have had it with Bombardier, and they showed it during the company’s annual meeting last week. After months of bad news, culminating in government bailouts and 14,000 jobs hitting the chopping block, the word that top execs were getting an almost 50-per cent pay raise made many throw up their hands in disgust.
In response, the founding family doubled down on the executive compensation in the name of retailing top talent.
Desautels Professor Karl Moore says that after Quebec City’s cash injection, “The people of the province feel they have an ownership stake, and they are demanding greater accountability.”
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