Bombardier

http://RE: http://www.theglobeandmail.com/report-on-business/cppib-joins-list-of-pensions-pulling-support-for-bombardiers-beudoin/article34943097/

 

Institutional investors in Bombardier have, at last, stopped drinking the family Kool-Aid.  Finally.  What else did they need to know?  Stalled sales of a plane very late in delivery and way over budget, and nonetheless a trade challenge likely; Toronto Streetcar delivery so embarrassingly late that the city is required to spend extra in maintaining the old ones; charges of corrupt commercial practices in Sweden.   Faced with all that, the family rewards itself with huge salary increases, backing off – only a little – in the face of public criticism.  Now that institutional investors are demanding accountability, the only suckers left are the governments who provided hundreds of millions to support demonstrable incompetence and greed.

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