Bombardier chief executive Pierre Beaudoin takes 27 per cent pay cut

Bombardier chief executive Pierre Beaudoin takes 27 per cent pay cut by The Canadian Press Posted Apr 5, 2013 5:13 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email MONTREAL – Bombardier’s chief executive took a 27 per cent pay cut last year, the transportation giant said Friday.Pierre Beaudoin’s total compensation in U.S. dollars was worth nearly US$6 million, compared with $8.2 million in 2011, according to a regulatory filing ahead of the company’s annual meeting next month.The company founder’s grandson earned $1.4 million in base salary in 2012, compared with $1.29 million a year earlier.The 2011 number was for 11 months because the company changed its fiscal year-end to Dec. 31.In 2012, Beaudoin also received $2.45 million in share-based awards, $1.2 million in options, $761,100 in incentives and a $22,000 pension value.A year earlier, he received $3.3 million in share-based awards, $1.5 million in options, $1.57 million in incentives and $362,400 in pension value.The total compensation for Bombardier’s (TSX:BBD.B) top five executives fell 19 per cent to $17.9 million.Railway division president Andre Navarri was second highest at $3.9 million, down from $4.7 million in 2011.Aerospace president Guy Hachey followed at $3.8 million, compared with $4.4 million a year earlier.Chief financial officer Pierre Alary’s compensation decreased to $2.3 million from $2.8 million in 2011.The other named executive was senior vice-president Richard Bradeen who earned $1.8 million in 2012.Bombardier’s profits plummeted 29.8 per cent to $588 million on $16.8 billion of revenues last year.On the Toronto Stock Exchange, Bombardier’s shares closed unchanged at C$3.93 in Friday trading. read more