skd_mrk
TD Admin
I would think the financial payouts to leaders of the holding company wouldn't even be a question. The holding company runs several other enterprises from what the article says right? If the other companies under the holding company (not Air Canada itself) are profitable enough to justify those pay packages its not really a strong argument.
Comparing the compensation of the Air Canada executives themselves to the various American airlines (not just AA) it would put the executives into maybe the top 1/3 of total airlines, but at the bottom of that top 1/3. I don't really know what the landscape of the airline industry in Canada is like, but based on certain comments made here that they essentially have a monopoly in air travel I don't find that particularly extreme.
Also while it may suck that they make that much money, even if you cut their salary/bonuses/pension etc and divided it among the rank and file employees it would probably amount to a few bucks for each of you. Also looking at the market valuation of Air Canada it seems its value has really fallen off a cliff since 2005...I'm guessing that's roughly when the gov't stepped in. I would bet if the gov't viewed executive compensation as excessive they could have it pushed lower quite easily.
Comparing the compensation of the Air Canada executives themselves to the various American airlines (not just AA) it would put the executives into maybe the top 1/3 of total airlines, but at the bottom of that top 1/3. I don't really know what the landscape of the airline industry in Canada is like, but based on certain comments made here that they essentially have a monopoly in air travel I don't find that particularly extreme.
Also while it may suck that they make that much money, even if you cut their salary/bonuses/pension etc and divided it among the rank and file employees it would probably amount to a few bucks for each of you. Also looking at the market valuation of Air Canada it seems its value has really fallen off a cliff since 2005...I'm guessing that's roughly when the gov't stepped in. I would bet if the gov't viewed executive compensation as excessive they could have it pushed lower quite easily.