Revenge of the comment section: Bombardier wins gold for gall

With a recent $372.5 million injection in federal aid, Bombardier looked inward to spread the wealth notably, among its top executives. Over the past year, the company has received nearly $1.6 billion in government aid, and with it, it raised the compensation of its top executives by nearly 50 per cent.

The move has ignited anger of whatsome consider misuse of funds, andCBC commentersare overwhelmingly of the opinion that the government needs to close the bank.

Bonus for what?

Performance-based bonuses as part of a compensation package makes sense for senior executives. However, when the result of performance is so poor that it requires a company to go with hat-in-hand, and get $1 billion in Canadian citizens' tax dollars, it is impossible to justify bonuses.

-Ellis Purdue

Taxpayers should get a say

So Quebec is saying that the government has no right to say how Bombardier conducts its affairs. Then I say, government should offer absolutely no financial support to Bombardier. Taxpayers should not offer any financial support tocorporations that refuseto recognize our concerns. The same would go for Ford, General Motors and so forth.

-Mic Beda

Business as usual

I have sympathy for the politicians caught in the middle. "Our" money kept Bombardier afloat during a very difficult time. The compensation levels for the top executivesare obscene, as is typical with big companies, and yup, if you take the government's nickel, you'd damned well better practise a little more humility on the compensation front.

It seems to be business as usual, and that has to change. Either corporations practise self-control, or something external imposes control.

-John Sollows

Bordering on fraud

Using money you borrowedto give yourself a performance bonus after youlaid off workers borders on fraud. There is just too much misuse of public monies in Canada andgreed and selfishness gone wild, with no repercussions. It's simply unbelievablethat the people involvedhad a media conferenceto give each other pats on the backfor a job well done.

-Neil Harris

An award for gall

If there was an award for gall, it would have to be handed to Bombardier. Going cap-in-hand to the taxpayers, begging for cash, all the while paying top salaries to the executives who cannot manage to maintain profits that would justify those salaries.

-Billie Johnson

A tight spot

So, let's explore the tight spot resulting from the Bombardier scandal. A politician can either: (A)Take the high road and condemn propping up Bombardier and the greediness of the executives or (B)Take the low road and maintain this corporate welfare. Yup, that's a pretty tight spot.

-Jim Redmond

Should've gotten a cut

This is the company that has fallen way behind deadlinewhen it comes to so many projects. The executives should get a pay cut, not a bonus. I would have been fired for that kind of performance in any of the jobs I had.

-Don Jermyn

Ask for equity

It's not really an "investment" unless the public gets something back for it, is it? Instead of loans and bailouts, the government should ask for equity. If Bombardier pulls through and its share price improves, the public might even see a financial return. Imagine that.

-Patrick King

Outrageous

Just plain greed and insensitivity. Bombardier is a classic example of a company whose product is largely underwritten by public money. Take that away and you have another Nortel. If you want jobs in Quebec, make sure tax dollars are used to securejobs, not pad executive salaries. Outrageous is all I can say.

-Ian Malcomson

Incentivizingbad behaviour

While I personally agree that the actions of Bombardier's management are in very poor taste, they are not surprising. And let's be honest here, at least half of the people would probably do the same thing in the same situation. Human nature.

The problem here is the government incentivizing this behaviour. Again, and again, they incentivize and subsidize this behaviour with your money.

Corporations and rich people can't take your money. They can't. There are only two ways in which they get your money:

1. You voluntarily give it to them in exchange for a product or service they provide.

2. The government takes your money, and then the government gives it to these people.

It is very easy to put a stop to Number 1, but it's harder to put a stop to Number 2. Corporations and rich people are not a problemin a world where Number 2 doesn't happen. And make no mistake; Number 2 is a government problem, not a rich-people problem

-Milton Popper

RIP money

Bombardier: Where money goes to die.

-Larry Bots

Comments have been edited for length and clarity.