Bombardier Inc.’s family owners are on a collision course with outside shareholders. In the middle is Executive Chairman Pierre Beaudoin, scion of the company’s founders.
An array of institutional investors is set to withhold support from Beaudoin in a Thursday proxy vote. Caisse de Depot et Placement du Quebec, the biggest outside shareholder and a crucial business partner, criticized Bombardier on Monday for a “lapse of governance” after the manufacturer raised executive compensation despite announcing plans to cut more than 14,000 jobs and relying on taxpayer support for a $6 billion jet program.
