The Bombardier big boss received a compensation of 6.5 million in 2023, according to regulatory documents sent to shareholders.
Its president and CEO, Eric Martel, saw his compensation drop 2.2% from last year.
In total, the private jet maker's six top executives shared 17.5 million in compensation, down 4.3% from last year.
In its explanations to shareholders, the Montreal company highlighted that adjusted earnings before taxes, interest and depreciation (EBITDA) will increase by 32% to 1.23 billion in 2023. She pointed out that Bombardier has reduced its debt to 400 million in 2023.
Pierre Beaudoin, a member of the Bombardier family and former CEO, received $734,400 in compensation for his role as chairman of the board of directors.
Rejection of proposal on French
The Montreal company once again rejected the proposal of the Shareholder Education and Defense Movement (MÉDAC) against the French.
MÉDAC submitted a proposal to disclose the languages mastered by its directors and officers. The proposal is in practice at several large companies in Quebec Inc., including National Bank, Quebecor and Power Corporation.
“The board of directors believes that the skills currently included in our skills grid meet Bombardier's needs and strategic priorities and that our directors do not need to include language skills,” the board of directors responded, recommending that shareholders vote against. proposal.
The MÉDAC proposal was also supported by the Caisse de dépôt et placement du Québec (CDPQ).
Last year, the president and CEO, Eric Martel, described the unveiling of language skills as a “symbolic” gesture and promised that the company would place importance on French.
Mr. Six of the thirteen members of Martel's board of directors claim to have French as their mother tongue, but it is also a multinational corporation with operations outside of Quebec.
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