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Quebec Decries ‘Shocking’ Bombardier Bonuses After Taxpayer Aid

  • Compensation for Montreal firm’s top six executives jumps 50%
  • Province invested $1 billion in C Series jet program last year
An engine on a Bombardier CS300.
Photographer: Qilai Shen/Bloomberg
Updated on

Bombardier Inc. should review the bonuses it awarded top executives after taxpayers helped underwrite the company’s still-fragile recovery, Quebec Finance Minister Carlos Leitao said.

“People are shocked, and I’m shocked” at the compensation, Leitao told Quebec’s TVA television network in an interview Friday. “I’m urging the board to rethink the compensation policy. I’m inviting them to review all this even before the next board meeting.”