This is how the system should work.
According to filings released earlier this week, former Bombardier CEO Pierre Beaudoin took a 14 per cent pay cut last year for failing to reach projected targets while he was in charge of the company. He has since stepped down and currently serves as the company’s executive chairman.
Ok, so he still made $5.1 million, but the principal that you people in his position actually need to earn their bonuses is one that’s both exemplary and incredibly rare.
Looking at you, Gregg Steinhafel.
The bonuses were denied on the premise that Bombardier’s aerospace segment’s performance failed to be on time, while the transportation segment was docked for poor employee engagement.
Isn’t kind of strange that we have to commend this type of thing at all?
#NOTABLE
Want more updates on the most Notable things happening so you know before your colleagues do? Get our exclusive newsletter here and follow us on Twitter for all the latest.
Photo courtesy REUTERS/Mike Cassese/Files