Status: Closed — this petition is no longer accepting signatures.
Final supporters
Bombardier has two classes of common shares, class 'A' shares which are primarily owned by founding family members, and class 'B' shares which trade on the Toronto Stock Exchange. Class 'A' shares are "economically" identical to class 'B' shares but each have the right to 10 votes (compared to the one vote attaching to each class 'B' share). This has the effect of placing control of the company's direction firmly in the hands of the founding family, despite public shareholders bearing a substantial financial risk to their decision-making abilities. In recent years the decision-making at Bombardier has left a lot to be desired and has resulted in a ~75% drop in the share price and a suspension of the company's quarterly dividend. In response to these financial issues the provincial government in Quebec recently made a $1 billion commitment to "bailout" Bombardier. The federal government of Canada is also considering a commitment of a similar magnitude. With Canadian taxpayers effectively on the hook for the ongoing stability of Bombardier it is time the founding family gives up control. We therefore urge the federal government of Canada to require the unwinding of the dual-class share structure of Bombardier as a condition to advancing federal funds. It is not appropriate that Canadian taxpayers advance $2 billion in funds for a single Canadian family to exercise control over.
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9 Comments
The family of this once admirable company have zero respect for its shareholders. Give up control and let the company thrive again, or drive it to the ground by bankrupting everyone.
Je viens de Valcourt. J'ai vu comment les travailleurs étaient et sont traités. Même si Bombardier a besoin de bons dirigeants, ils n'ont pas besoin d'avoir un salaire de cette envergure. Les travailleurs, eux, ont besoin de travail régulier et permanent pour faire vivre leur famille. C
All director is a tief with the tax of each people anglish or french of Quebec and Canada. The réunion of the shareholder destituate all director show the door out. I lost the consumer confidence. The président d'ont make the job to return icôme tax at the all host gouvernment it very expectative money. Please we put outside this all leaders replace by better and human leader or president. thank merci beaucoup DANIEL
Far more transparency is required over this issue. I support the proposal of this petition.
Enough already!
With all due respect to the Petitioner, if the Ottawa mandarins won't listen to the Caise, why would they give a rat's ass about an online petition?!!
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Status: Closed — this petition is no longer accepting signatures.
Final supporters
Bombardier has two classes of common shares, class 'A' shares which are primarily owned by founding family members, and class 'B' shares which trade on the Toronto Stock Exchange. Class 'A' shares are "economically" identical to class 'B' shares but each have the right to 10 votes (compared to the one vote attaching to each class 'B' share). This has the effect of placing control of the company's direction firmly in the hands of the founding family, despite public shareholders bearing a substantial financial risk to their decision-making abilities. In recent years the decision-making at Bombardier has left a lot to be desired and has resulted in a ~75% drop in the share price and a suspension of the company's quarterly dividend. In response to these financial issues the provincial government in Quebec recently made a $1 billion commitment to "bailout" Bombardier. The federal government of Canada is also considering a commitment of a similar magnitude. With Canadian taxpayers effectively on the hook for the ongoing stability of Bombardier it is time the founding family gives up control. We therefore urge the federal government of Canada to require the unwinding of the dual-class share structure of Bombardier as a condition to advancing federal funds. It is not appropriate that Canadian taxpayers advance $2 billion in funds for a single Canadian family to exercise control over.
9 Comments
Bombardier a frôler la faillite, et grâce à l'argent des Québecois, nous vous avons aidé, et avec cet argent vous vous permettez des augmentations de salaire, pour les places dans les paradis fiscaux. Je vous refuse cette augmentation et faites vos preuves durant au moins un minimum de 5 ans de rentabilité. C'est de mon argent qu'il est question et la fierté Québécoise qui est en jeu.
The family of this once admirable company have zero respect for its shareholders. Give up control and let the company thrive again, or drive it to the ground by bankrupting everyone.
Je viens de Valcourt. J'ai vu comment les travailleurs étaient et sont traités. Même si Bombardier a besoin de bons dirigeants, ils n'ont pas besoin d'avoir un salaire de cette envergure. Les travailleurs, eux, ont besoin de travail régulier et permanent pour faire vivre leur famille. C
All director is a tief with the tax of each people anglish or french of Quebec and Canada. The réunion of the shareholder destituate all director show the door out. I lost the consumer confidence. The président d'ont make the job to return icôme tax at the all host gouvernment it very expectative money. Please we put outside this all leaders replace by better and human leader or president. thank merci beaucoup DANIEL
Far more transparency is required over this issue. I support the proposal of this petition.
Enough already!
With all due respect to the Petitioner, if the Ottawa mandarins won't listen to the Caise, why would they give a rat's ass about an online petition?!!
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Bombardier a frôler la faillite, et grâce à l'argent des Québecois, nous vous avons aidé, et avec cet argent vous vous permettez des augmentations de salaire, pour les places dans les paradis fiscaux. Je vous refuse cette augmentation et faites vos preuves durant au moins un minimum de 5 ans de rentabilité. C'est de mon argent qu'il est question et la fierté Québécoise qui est en jeu.