04-15-2018, 10:21 AM
(04-15-2018, 08:23 AM)Rainrider22 Wrote: Agreed. How the shareholders have not asked for the heads of leaders of this corporation is unbelievable.
Bombardier is controlled by the Beaudoin family, which owns a majority of voting shares, and thus can also control the board appointments. So they are unlikely to ask for their own heads. And like every private corporation, the board determines executive pay. BBD says the management team exceeded their pre-defined performance targets in 2017 to earn the bonuses.
The CEO is Alain Bellemare, who joined the company in 2015 from UTC, and whose focus in the first few years has been primarily to salvage the situation in the aerospace division (which he has been able to stabilize, finally with the joint venture with Airbus). The transportation division is led by Laurent Troger (ex Alstom), who has been in the role for a little over two years.
Most of the problems with our trains and the Metrolinx order date back to well before Bellemare and Troger took leadership positions. Arguably they have made significant improvements in that time, although I don't follow the transportation side of the company very closely.