Air Canada execs see pay boost

[sanjet]

The compensation package for Air Canada's CEO fell 12 per cent last year, while the payouts of the airline's four other top executives soared even though continued losses drove its share price down more than 70 per cent.

http://www.cbc.ca/news/business/story/2 ... ation.html

[HighT5]

Grabbing their millions before it's all gone?

[aerodude]

The 12% "sacrifice" CR will be doing is highly appreciated.
By the way, he did earn a 5 million dollar "retention" bonus in March on top of this 12% cut, so I wouldn't be super appreciative

[paddy]

"However, 280,000 options granted to him over the past two years were cancelled at his request."

There is only one reason to cancel options...he sees no value in them, i.e. he doesn't think the stock value will increase. That is somewhat telling of his mid to long term view of air Canada.