NavCanada in the hot seat
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NavCanada in the hot seat
https://www.cbc.ca/news/politics/nav-ca ... -1.6056766
"Politicians are calling on executives and management at Nav Canada to pay back $7 million in bonuses they received last year during the pandemic, while the private non-profit was tapping into government aid and issuing layoff notices."
"Politicians are calling on executives and management at Nav Canada to pay back $7 million in bonuses they received last year during the pandemic, while the private non-profit was tapping into government aid and issuing layoff notices."
"Carelessness and overconfidence are more dangerous than deliberately accepted risk." -Wilbur Wright
Re: NavCanada in the hot seat
Sounds par for course in this greasy industryJasonE wrote: ↑Tue Jun 08, 2021 11:11 am https://www.cbc.ca/news/politics/nav-ca ... -1.6056766
"Politicians are calling on executives and management at Nav Canada to pay back $7 million in bonuses they received last year during the pandemic, while the private non-profit was tapping into government aid and issuing layoff notices."
Re: NavCanada in the hot seat
Please, show me where Nav Canada’s profits are. Last I checked the airlines received 10’s of millions of dollars in service fees from Nav Canada before the pandemic.
Re: NavCanada in the hot seat
Non profit doesn’t mean nobody is profiting, just because Nav Canada doesn’t turn a profit doesn’t mean the executives aren’t turn a handsome profit
Re: NavCanada in the hot seat
Yet again people don't understand that contracts aren't void just because there's a downturn in the industry. Conditions for receiving bonuses were likely included in their employment contracts at time of hiring, and long before the pandemic started.
Re: NavCanada in the hot seat
The salary of our former CEO wasn't as high as you'd expect for the CEO of a company of Nav Canada's size. 7 million in bonuses for all the managers in Canada is peanuts. sorry but this is a non-story. It was in their contract.
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Re: NavCanada in the hot seat
Even while Nav Canada doesn't make a profit, it doesn't mean its executives aren't raking in the dough. Our previous CEO was not paid as much as one might expect a CEO of a corporation the size of Nav Canada to be paid.
Re: NavCanada in the hot seat
Yes, that's correct. Plus a raise on each anniversary of the date you checkout, so 2 raises per year.