Bombardier chairman Pierre Beaudoin gives up salary increase

Bombardier chairman Pierre Beaudoin gives up salary increase
Bombardier chairman Pierre Beaudoin gives up salary increase

Published on: March 31, 2017 | Last Updated: March 31, 2017 9:55 PM EDT

Bombardier Inc. Executive Chairman of the Board Pierre Beaudoin oversees a special shareholders meeting Friday, March 27, 2015, in Montreal.

Bombardier Inc. Executive Chairman of the Board Pierre Beaudoin oversees a special shareholders meeting Friday, March 27, 2015, in Montreal. Ryan Remiorz / THE CANADIAN PRESS

Due to the uproar caused by salary increases of upper management at Bombardier, Pierre Beaudoin, the executive chairman of the board, has decided to give up his salary increase.

In a written statement sent by e-mail, Beaudoin indicated that he would receive the same amount, US$3.85 million, as in 2015.

Several felt that the US$32.6 million – a 50% increase over a year – awarded to the top six executives of the aircraft and tramway manufacturer was indecent, while Quebec injected $1.3 billion in the CSeries, and that the Federal government has just made a loan of $372.5 million.

Beaudoin said he listened to recent public discussions on the compensation of Bombardier executives, which prompted him to reduce salary.

Other executives at Bombardier will keep their wages.

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