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05-31-2021, 11:43 PM
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Join Date: Jan 2008
Location: Calgary Perchdance
Posts: 18,888
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Another case of senior execs ripping off investors and the public.
https://www.ctvnews.ca/politics/air-...tawa-1.5450630
When you are failing as a company and struggling to stay afloat and begging for a public handout...and you do this?
The whole senior execs should be fired with cause and get zero executive compensation.
Enough already of giant failures making themselves rich for screwing up.
__________________
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06-01-2021, 06:20 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,139
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And Bombardier was no better, using government bailouts to pay themselves bonuses. But as long as it's a Quebec based company, Trudeau won't care that it is happening, and he won't do anything to stop it.
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Only accurate guns are interesting.
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06-01-2021, 06:38 AM
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Join Date: Jan 2008
Posts: 4,331
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as well as
Air Canada and Sears burned their employees.
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06-01-2021, 07:30 AM
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Join Date: Apr 2015
Location: Lloydminster
Posts: 4,515
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What did you expect from a crown corporation ????
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The problem we have today is that the people who work for a living are outnumbered by the people who vote for a living.
We were all born ignorant but one must work very hard to remain that way.
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06-01-2021, 07:31 AM
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Join Date: Aug 2013
Location: Drayton Valley
Posts: 1,258
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What's the line? They're entitled to their entitlements........
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06-01-2021, 07:46 AM
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Join Date: May 2007
Location: Calgary
Posts: 453
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What is missing here is that the executives received the bonuses *because* they arranged the bailout. By getting the influx of cash, the company did not go under which is the objective of the board. So the executives accomplished exactly what they were paid to do, save the company.
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06-01-2021, 07:52 AM
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Moderator
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Join Date: Feb 2015
Posts: 7,662
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Quote:
Originally Posted by badger
What is missing here is that the executives received the bonuses *because* they arranged the bailout. By getting the influx of cash, the company did not go under which is the objective of the board. So the executives accomplished exactly what they were paid to do, save the company.
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Word it however you'd like, still a disgrace.
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06-01-2021, 07:59 AM
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Join Date: Jan 2018
Location: West Central Alberta/Costa Rica
Posts: 1,114
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Quote:
Originally Posted by badger
What is missing here is that the executives received the bonuses *because* they arranged the bailout. By getting the influx of cash, the company did not go under which is the objective of the board. So the executives accomplished exactly what they were paid to do, save the company.
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It was revealed on Power Play yesterday that the bonuses were paid out just prior to the signing of the bailout. They knew how to sneak this in and obviously made sure they looked after themselves before anything else.
The CEO received 2020 compensation of 8.3 million dollars.
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06-01-2021, 08:18 AM
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Join Date: Jan 2012
Location: AlbertaSask
Posts: 4,180
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Quote:
Originally Posted by Jim Blake
It was revealed on Power Play yesterday that the bonuses were paid out just prior to the signing of the bailout. They knew how to sneak this in and obviously made sure they looked after themselves before anything else.
The CEO received 2020 compensation of 8.3 million dollars.
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This is all just wrong I don’t care which part of the provinces your in..Ottawa to Vancouver makes no difference, bailouts are a joke these days..our great officials doing what great men do...argggh!
Zip 
__________________
"Never be ashamed of scars it just simply means that you were stronger than what tried to hurt you"
"Good judgement comes from experience, and experience...well,That comes from poor Judgement"
"KEEP SMILING"
Zip
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06-01-2021, 08:19 AM
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Join Date: May 2007
Location: Calgary
Posts: 453
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I'm not saying it is right or justified. The bailout terms should prevent bonuses to executives so that this does not happen. Even better is that the executives should be fired if they put the company in this position of needing the bailout. In the case of Air Canada, the executives were not the reason the company was about to go under.
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06-01-2021, 08:46 AM
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Join Date: Feb 2019
Posts: 603
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one of the many reasons I will never fly Air Canada. And I haven't in over 20 years...
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06-01-2021, 08:59 AM
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Join Date: Mar 2016
Posts: 396
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They lost as much as the politicions in this country, so there. If I ever learn to spell, you people are for it.
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06-01-2021, 02:00 PM
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Join Date: Jun 2007
Posts: 1,021
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Both Air Canada and the government handing out our money are incompetent. Let them both sink and disappear.
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06-01-2021, 05:07 PM
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Join Date: Feb 2016
Location: Whitecourt
Posts: 792
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Haven't you guys learned anything from this govt!?
Any business in Quebec, no matter how incompetent (Air Canada), unprofitable (Bombardier), unethical (SNC Lavelin) will ALWAYS be bailed out with tax payers dollars, and **** everybody else (especially Alberta).
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It's time to go hunting and quit all this ballistic masturbation." 
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06-01-2021, 07:03 PM
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Join Date: May 2007
Location: Just North of the 55th Parallel
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No different than the 3 big telecoms, Rogers, Bell, and Telus, who collected $240 million between them with the wage subsidy program while raising shareholder payouts. Considering the majority of the population was stuck at home watching tv, using the internet and cellular during the lockdowns, I highly doubt they were losing money due to the lockdowns. I don't know how they or the government justified them being qualified to receive COVID aid. Meanwhile, my little family-run cafe qualified for zippo because they were new owners and couldn't provide a drop-in revenue due to the lockdowns.
Last edited by Sporty; 06-01-2021 at 07:09 PM.
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06-01-2021, 11:08 PM
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Join Date: Nov 2007
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But the executives did such a great job firing half of the peons under them, they definitely deserve it!
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06-01-2021, 11:49 PM
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Join Date: Mar 2013
Location: Camrose county
Posts: 3,492
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Quote:
Originally Posted by Demonical
Haven't you guys learned anything from this govt!?
Any business in Quebec, no matter how incompetent (Air Canada), unprofitable (Bombardier), unethical (SNC Lavelin) will ALWAYS be bailed out with tax payers dollars, and **** everybody else (especially Alberta).
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You nailed it ,thats exactly how i see it as well.
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If people concentrated on the really important things in life,there would be a shortage of fishing poles.Doug larson. Theres a fine line between fishing and just standing on the shore like an idiot. Steven Wright.
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06-02-2021, 01:41 AM
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Join Date: Jun 2013
Posts: 1,424
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X2+ to all of the above and not long till Westjet etc does the same now that it is no longer public..that said...the politicians are worse with their golden parachutes and pensions...they always vote themselves a pay and benefits raise and then afterwards grab the low hanging fruit of employee freeze on yearly pay.. often they go 0-0-1 but now they want rollbacks or concessionary bargaining...sorry to rant and hijack...we can start by eating the rich... 
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06-02-2021, 08:01 AM
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Join Date: Jul 2008
Location: calgary
Posts: 846
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Quote:
Originally Posted by Demonical
Haven't you guys learned anything from this govt!?
Any business in Quebec, no matter how incompetent (Air Canada), unprofitable (Bombardier), unethical (SNC Lavelin) will ALWAYS be bailed out with tax payers dollars, and **** everybody else (especially Alberta).
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Nobody can't see the Elephant in the room, I guess 
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“It is not the man who has too little, but the man who craves more, who is poor.”
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06-02-2021, 08:25 AM
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Join Date: Dec 2008
Location: Camrose
Posts: 45,139
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Quote:
Originally Posted by Demonical
Haven't you guys learned anything from this govt!?
Any business in Quebec, no matter how incompetent (Air Canada), unprofitable (Bombardier), unethical (SNC Lavelin) will ALWAYS be bailed out with tax payers dollars, and **** everybody else (especially Alberta).
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That is exactly the situation with this government.
__________________
Only accurate guns are interesting.
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