Air Canada CEO took home more than $9.5-million in 2012

[Scrapman]

Air Canada?s unions cried foul Friday after the company said its chief executive, Calin Rovinescu, earned more than $9.5-million in compensation last year.

Mr. Rovinescu earned $1.4-million in salary in addition to $5-million paid to him in the form of a controversial retention bonus, according to filings from the airline.

His total compensation package last year was more than twice that of the $4-million he earned at the helm of the airline in 2011.

Air Canada, as a whole, earned a modest $53-million profit in 2012, but it was the first annual profit recorded by the airline since 2007.

The bulk of the increase in Mr. Rovinescu?s compensation came from a one-time $5-million retention bonus he received on March 31, 2012, as part of the terms of his contract with the airline.

Mr. Rovinescu?s salary remained flat year-over-year. But he was also awarded $1.9-million in stock and options, up from $325,000 the year before, and nearly $300,000 in pension benefits, down from $320,000 a year ago.

:142smilie

CAPITALISM at it's best.

Take that bitch

 

[kickserv]

 

[hedgehog]

Made 53 mil as a company and made 9.5 I would say that is being paid quite well, almost 20 percent of profit :0074 One day I hope to be in his shoes

 

[Mr. Poon]

One day I hope to be in his shoes

So you hope to buy his discards at a thrift store?

 

[ChrryBlstr]

Made 53 mil as a company and made 9.5 I would say that is being paid quite well, almost 20 percent of profit :0074 One day I hope to be in his shoes

On the backs of workers who keep getting screwed.

Yes, capitalism at its best just about sums it up.

Peace!

http://www.cbc.ca/news/canada/story/2012/04/13/air-canada-pilots.html

http://news.nationalpost.com/2012/0...ork-after-wildcat-strike-causes-flight-chaos/

http://www.huffingtonpost.ca/tag/air-canada-strike

 

[Penguinfan]

On the backs of workers who keep getting screwed.

Yes, capitalism at its best just about sums it up.

Peace!

:facepalm:


The average worker could not, AND WOULD NOT be able to do what it takes to run a successful company. Without successful companies those workers you are worried about being screwed would have no jobs in the first place (which is probably what most of them want anyway).

People should quit complaining about what their boss makes and just be happy to have a job. Most would not do what their boss does and certainly not work the hours their boss does, yet want paid like their boss or complain their boss makes too much.

:sadwave:

 

[Scrapman]

penguinfan .daed solid perfect i haer so many comaplin about thier low paying jobs and i snap back them you should be happy to be working when millions of americans lost thier jobs and houses

 

[kneifl]

And this is surprising why?

kneifl

 

[Sportsaholic]

:facepalm:


The average worker could not, AND WOULD NOT be able to do what it takes to run a successful company. Without successful companies those workers you are worried about being screwed would have no jobs in the first place (which is probably what most of them want anyway).

People should quit complaining about what their boss makes and just be happy to have a job. Most would not do what their boss does and certainly not work the hours their boss does, yet want paid like their boss or complain their boss makes too much.

:sadwave:

BINGO!!!!!!!!!..............:00011

 

[JT]

I thought Raymond was banned.

:mj03:

 

[ChrryBlstr]

:facepalm:


The average worker could not, AND WOULD NOT be able to do what it takes to run a successful company. Without successful companies those workers you are worried about being screwed would have no jobs in the first place (which is probably what most of them want anyway).

People should quit complaining about what their boss makes and just be happy to have a job. Most would not do what their boss does and certainly not work the hours their boss does, yet want paid like their boss or complain their boss makes too much.

:sadwave:

There are far too many broad generalizations in these sentiments that are simply untrue.

Peace!

 

[saint]

Which situation is better for everyone involved in the company, including shareholders:

Situation 1: Company's CEO earns 3 million and company nets a loss of 150 million for the year

Situation 2: Company's CEO earns 10 million and company nets a profit of 50 million for the year

If someone comes into a company hemorrhaging money and rights the ship, then yes they deserve to be compensated. Just because it's at a level you can't comprehend doesn't mean it's not right.

 

[Nole]

.....and it melted.

:facepalm:

 

[Penguinfan]

There are far too many broad generalizations in these sentiments that are simply untrue.

Peace!

Let's look at in another way, then. You say he is taking too much money and that is "breaking the backs" of the workers. Air Canada employs 24,700 Full Time employees. If you broke down the CEO's salary and divided it up among the workers they would each get an additional $384.62/year.

Paying $32.05 a month to have a successful leader and ensure you have a job is a small price to pay for a few reasons.

1. It's not money they are actually paying out of their pockets.

2. I maintain the average worker is not skilled enough, educated enough or willing to work hard enough (mostly this one) to make a company successful.

3. I find it odd that most will gladly pay more than $32.05/month for third party representation (unions) to defend rights already guaranteed by OSHA, NLRB, etc... but not want to pay that to a person who makes sure they have jobs.

 

[Wineguy]

So you hope to buy his discards at a thrift store?

:mj07: :mj07:

 

[marine]

Let's look at in another way, then. You say he is taking too much money and that is "breaking the backs" of the workers. Air Canada employs 24,700 Full Time employees. If you broke down the CEO's salary and divided it up among the workers they would each get an additional $384.62/year.

Paying $32.05 a month to have a successful leader and ensure you have a job is a small price to pay for a few reasons.

1. It's not money they are actually paying out of their pockets.

2. I maintain the average worker is not skilled enough, educated enough or willing to work hard enough (mostly this one) to make a company successful.

3. I find it odd that most will gladly pay more than $32.05/month for third party representation (unions) to defend rights already guaranteed by OSHA, NLRB, etc... but not want to pay that to a person who makes sure they have jobs.

+1

 

[kneifl]

Let's look at in another way, then. You say he is taking too much money and that is "breaking the backs" of the workers. Air Canada employs 24,700 Full Time employees. If you broke down the CEO's salary and divided it up among the workers they would each get an additional $384.62/year.

Paying $32.05 a month to have a successful leader and ensure you have a job is a small price to pay for a few reasons.

1. It's not money they are actually paying out of their pockets.

2. I maintain the average worker is not skilled enough, educated enough or willing to work hard enough (mostly this one) to make a company successful.

3. I find it odd that most will gladly pay more than $32.05/month for third party representation (unions) to defend rights already guaranteed by OSHA, NLRB, etc... but not want to pay that to a person who makes sure they have jobs.

Could not have said it better myself

kneifl