As of May 4, when the company's share price closed at $17.63 on the Toronto Stock Exchange, the total compensation of its president and chief executive officer was estimated at $5.8 million. Air Canada's shares closed at $16.76 on Monday.
Remuneration of top executives and board members were included in a proxy circular sent to Air Canada shareholders prior to its virtual meeting scheduled for June 25. Rovinescu, 64, was entitled last year to a base salary of $1.4 million. The value of his share-based awards fell to $1.89 million from $3.55 million, and $3.5 million in options were worthless due to a big drop in the share price. His bonus was also cut by more than half, to $1.6 million from $3.5 million while his pension value was $875,000.In 2019, Air Canada earned $1.4 billion in profits on $19.1 billion in revenues. COVID-19 turned everything upside down with the airline losing $1.
He is not worth any bonus. He should feel lucky to be working and have a damn job....tabanak!
Nobody deserve that much compared to minimum wage
I will never fly with them again. Try living on $2000 a month taxed bud. That's what sucks about this world. That goes for everyone making more than that. I challenge you all. Very disappointing. Shame on you all.
Gosh, that must be awful! What's he supposed to live on
We’ve definitely overpaid for our flights and skimpy refreshments. How much does the lowest paid worker earn? I forgot - $0, they’ve were laid off.
From ridiculous to merely obscene
if Air Canada just layoff this guy thy need not to layoff anybody else........😇🤣😅😇🤣😅😇🤣😅
Was a pest and remains a pest
Poor baby
Next headline: Air Canada CEO declares bankruptcy.
That's it? :s must be a hard life.
This is the saddest news I’ve heard in months! How will he continue the upkeep on all of his properties?
Boo effing hoo.
Gee that must be tough . How ever will he survive? ffs
...and they won’t give me and you a refund on a flight cancelled due to Covid19, only a flight credit! Guess we all know why AC had to keep my money and yours instead of giving refunds - so they could afford to pay their overpriced help.
Poor baby
Omg how will he survive on that? So ruthless
Yikes - what a salary - what about other benefits?
Oh gee
Poor guy
Are you telling me that he made almost $1 million dollars/month? That's $33,333,333.3333333 PER DAY!!!! OBSCENE!!!!
Good. Stop fkn over charging for nearly every damn flight.
Please! Take $5 million more while you’re at it.
And the MPPs took at 3% raise. ++ And the Political parties are mandating taxpayer financial assistance. Except the Bloc. Half his bonus or his whole financial package for how long?
Haaaawww Gee so sorry.
Poor guy 😎. Wait...
Jeepers what a shame, not!
If this is true then according to Trudeau, Sir Canada would get nothing. Trudeau indicated that CEO compensation total was topped at $1M gor any company getting assistance from the government.
O boo hoo 😢
Awwww , isn't that a shame .....
And our esteemed PM is doling out millions in pandemic$$$$ to Air Can!!!! Meanwhile seniors get a one time payout of $500-600!!! How can any one person be worth that amount of salary
His bonus was also cut by half. Why is he getting a bonus at all?
That's 5.8 million too much.
I’d like my refund for the flight that Air Canada cancelled - not me - Air Canada!
How will he go on? He’s destitute!
This ONE guy's salary can sustain almost 200,000 employee's that are suffering. aircanada Canada
I'm sorry do you mean he was making over 11 million before this? No President of an Airline that has as many problems as air Canada should be making this amount of money.
Hope he can survive on that, times may be tough. Don’t forget that you can apply for CERB to get you over the hump.
They should not receive any government money
I hope he doesn’t think he is being hard done by...HF
No need for that. And our government keeps bailing them out fuck that
Poor fuck
I’d be embarrassed to make that much.
How will he ever survive on 5.8 million? Good cripes.
AirCanada JustinTrudeau CanadianPM MarcGarneau CBCNews 680NEWS globalnews Air Canada socializes it’s losses by penalizing it’s customers, however it privatizes its profits to its CEO and shareholders doublestandards Give us a refund on pandemic cancelled flights!
Poor thing
Still pretty highly paid for an incompetent!!
Trudeau will ballot out AC, German did.
Half pay? Has business dropped by half?
Boo hoo
Good, serves them right for gouging us for years. Decreasing services while never cutting back prices when oil prices tanked. They're going to have to work really hard to get my business back.
It should be cut to $250,000 and he’d still be overpaid!!
OMG I feel so sorry for this guy. How will he survive?
I am retired and have over 10k in credits I have to use in 12 months and he gets compensation. What a load of BS.
Funny nobody ever chastised him before Covid. Now rape and pillage. It is ridiculous that he is paid over $10MM a year but let’s burn him up now. No CEO really earns that money but all the CEOs have a club...who gets the most is the game.
sunny_days62 How will he survive?
Tough tough Times ahead
Hopefully he will be ok
Good! Instead of handing out vouchers/credits this CEO’s portion of his salary should cover the refunds that customers are owed, waiting for and haven’t received for all the flight cancellations during COVID. AirPassRightsCA
Poor boy,should try reality sometime!
How many times has Canada bailed them out, again?
OMG! How will he put food on the table for his family? Provide shelter for his children? I think I will start a go fund me page for him. I feel so bad.
Ahhhh!
GoFundMe
And if they expect taxpayer bailouts it can be cut by another 80%.
And that’s why they can’t refund the money they’ve stolen from Canadians whose flights were cancelled. Where’s Marc Garneau’s sense of right and wrong?
Really AC’s CEO is still making almost 6 millions while the airline is on the verge of bankruptcy?
Canada should not be paying wage subsidies to Air Canada until it’s CEO makes what Warren Buffet makes every year: $100K. I hope we are not bailing out Air Canada with exec compensation like that! CanadianPM cafreeland
Hopefully he can get by
Omg how is he going to pay for groceries? 😢
11.6 , was, last year.
The sacrifices run deep /s
Hope he will be ok.....
Cuz it more dude is worthless
Poor baby. I hear there is a Go Fund Me set up to help him and his family survive. Donate if you can. Even a million would help.
Seriously!
Oh no! 5.8 million HOW WILL HE SURVIVEEEEEEEeeeeEeeee?! 🙄🤨
These millionaires taking anything more than $1/ yr while others are losing their jobs is proof that they do not care about their employees.
Boo. Hoo.
Oh the poor guy. Does he need a lift to the foodbank?
Awwwwwwww....
Boo freaking hoo... That's still more than I'll make in an entire lifetime. He'll still be able to afford his huge house, expensive cars and cottage without any hardship
My heart bleeds for him like a potato
How will the poor man survive.🙄😏
He should get fuck all
5.8-million. Wow. Who said airlines were in a tight spot again?
Awwww poor baby
Awwww pooo’r baby 🍼
How will he live?
aww
CERB could help these poor guys.
And here I am a 72 year old pensioner out $178.00 for a flight that never happened and Air Canada refuses to give me a refund!!!
My gawd!!! Things must be really tough for him...LOL!!!
Ohhh poor bastard.
Jeeeezzzzzzz give me a break
How will he ever survive on $5.8 million a year?
Our government is supposed to give Air Canada a bale out That’s blatantly Air Canada bullshit.Tell us about cooperate welfare. The only thing going for us noe the conservatives are not in power to subsidize the the CEO wages cut in half and throw money at Air Canada.
I don’t think I’d turn down $5.8 million.
Don't you just love companies from Montreal.
Poor baby. No one deserves to make that much money. No matter how good they are at their job.
Nonsense. This is why we are in trouble. Kings running Canadian businesses.
Oh that hurts so much. You’re salary is only 5.8 million.I feel so sorry for you. Hope you and family won’t find the struggle more then you can copy.
Cut to 5.8M ..... tough life
How much of that is bail out money from taxpayers
However will he cope? Genuinely worried.
Does he need us to start a Gofund me page.. to top up or will Trudeau and the Liberals just do it on our behalf. Can’t leave the guy hanging in tough economic times.
When he earns what Essential Long Term Care Workers make, only then would I ‘consider’ public money going to AC.
Air Canada is charging me $1200 to get the remainder of the cost of flights to South Africa. We cancelled on March 15th as soon as it became clear that we could not travel. $1200 in fees to get $700 back, and his pay has been CUT to $5M? Cry me a River aircanada Thieves
That is tragic!!!!
Cry me a cake. What a joke!
I guess I will start a fundraiser for him. Who’s in?
Why is this being reported on What about the thousands laid off by airlines.
He can still share with that amount
During his time as Chair of Ontario Hydro International, Maurice Strong never took a paycheque. I guess you can't say the same AirCanada. Between news like this and your refusal to refund tickets - your company is taking a huge hit.
Womp Womp.
Gee how will he survive?! 🤦🏻♀️😒
The guy was making over $11M a year for an airline that needs a government bailout at least a once a decade...This CEO shit is out of control 🤦🏼♂️
Awwww!
poor bastard
aahh ya poor bastard. 😭😭😭😭😭
How about refunding my money from a canceled flight out of the rest of his obscene 1/2 salary!!
What a travesty...
Are we meant to feel bad for him? Cause I don’t
He should apply for CERB
Cry me a river.
Don’t feel sorry for him
Man that must be rough... Bwahahaha 😂
Darn. If You or I had a 50% pay cut it would be poverty row.
How will he ever make ends meet?
OMG, we have to start a go-fund-me page right away. The poor guy. Think how he and his family are suffering!
What a ridiculous report, when everyone else is suffering. He should donate his salary, like the rest of the top 1% should all be doing. They wouldn’t have their wealth, if it wasn’t for all of us. Disgusting!
I feel 50% better right now, but I got ripped off for $292 because if you cancel one way, the other way does not come back. So, I think the other $5.8 million is due and payable. Or make Air Canada back into a Crown corporation with responsibilities to service far north.
No CEO is worth what they are paid. Took Air Canada last year from Vancouver, the worse flight I have ever been on.
Poor guy! How will he feed his family?
This is so sad, perhaps we should take a collection so he can feed his children!
Sending thoughts and prayers during this difficult time.
Poor baby
This absolute boloney! I can’t even believe this!
This is DISGUSTING!
Hopefully he can keep a reasonably decent standard of living after that cut. Anything we can do to assist?
Guess they need the money MarcGarneau ?
CEO compensations are a joke. 940% rise since ‘78 while worker pay up 12%. Vote wisely!!!!
He'll never financially recover🙄
Poor fella’s gonna have to downsize his yacht, such a shame.
Ok it's a start, now knock off a couple of Zeros from that number.
Somehow I dont think he's gonna need the food banks
No passengers, no profits, tanked share price...$5.8M in compensation for overseeing a financial plane crash, while his employees lose their jobs. Another example of obscene & out of control wage disparity.
Suppose the free first class flights for the rest of his life plus family hangerons won’t be too bitter a pill to swallow either.
Now what kind of Christmas will he have, poor fellow.
Am I suppose to feel bad for him 🤣🙄
Big. Deal. Are we supposed to feel badly about this?
Really, and they can’t give cash refunds instead of vouchers
I wish the 467 victims of PROVEN SYSTEMIC HARASSMENT waiting years for justice at the Canadian human rights tribunal will be adressed too...how do you expect to survive when you keep.our pensions hostage illegaly
I weep for his losses
No one should be entitled to such a greedy compensation. Excessive greed is a curse to this world, just read history.
That’s why he was so teary eyed today
Maireks1 What's he being compensated for?
Oh the poor thing, should we send a food hamper? 🙄
Omfg how will he survive. How will he feed his family and pay his rent? Oh wait...🙄
What....that's half, Geeezuz H...most people are going without let alone half of anything like this...WHAT THE HELL! Hey Calin how about take a kneel on this one this year so we can pay the workers...what do you say...?
This is one of the few times ctv posted something without a bunch of conservatives yelling about it, they must all be hiding.
Poor guy I can’t believe he makes under 6 million now. 😏
Poor guy, I hope he’s ok!
Anybody buying the stock of this foul company, at $17ish a share, need to seriously have their head examined. At $8-10, I might sniff it, but right now, it's a solid short! No planes, no passengers, no place to fly... It's a dud!
Gosh, how will he survive on that?
Ahh I’m sure he’ll make it work😂
Jeez, I feel so bd for him. How could he live with such a meager salary.
Poor guy
My,My, how sad !!!
Poor man
oh we should start up fund rise and help him find near by FOOD BANK in case he have to go. 5.8M will NOT last long. maybe those his ex-employees can help him since they on the GOV'T BENEFITS.
How will he ever afford to eat and keep a roof over his head? 🤷♂️
So many salty, jealous folk in this thread. Doesn’t effect you in anyway, not even sure why they needed to post this. Guess to stir up the drama queens. 🤷♂️
People ripping on wealthy people losing money have no heart. What would you do if you had your salary halved How would you feed your private jet
wow he have to live on only 5.8M instead of 12M that tells YOU. airline can survive
Oh no, how will he buy food and pay his mortgage
A Hardship For the CEO I am sure.
How will he survive with that much money
Oh my what ever will they do.
Awwww the poor bastard! Maybe he should invest some back into AirCanada so they can STOP looking for a handout from the Government.
How about if he went without for 1 year so his employees could keep their jobs?
Poor guy. How will he make it through? 🙄
If he is going to cry about it, may as well cut it in half again
Oh no! Only 5.8 million That poor soul. How will he survive!? We must rally in the streets so this man can make even more money that he doesn’t deserve! That being said, fuck this guy. Nobody cares about overpaid ceos
If he’s making that much Air Canada dorsn’t deserve a penny in government support
Poor guy...
What a sin. Crooks!!!
Only 5.8 million. Really struggling! But they bailouts from the government. Maybe you shouldn't have wasted your money Air Canada 😉😜
boo hoo
Can’t feel sorry for him. At least he still has a job.
oh boohoo... meanwhile foodbanks run the risk of being empty...
Good!
Well I guess the grandchildren get no name brand food for the next little while, hard time to get by on 5.8 millions
$5.8 million - really!? $1 million is more than enough!
Terrible thing that is .... poor fella' , how will he ever get by ? That shouldn't be allowed .... No one needs to make a salary like that . CEO's getting that much and the company going after huge bail out money from taxpayers ... something needs to change !
Are we suppose to feel bad for him
Awwwwww !!! How will he survive ?
He’s going to have adjust his quality of life and way of living.
cry me a river poor guy
I am not sure how the air Canada CEO will survive on 5.8 million dollars annual income. He may have to start going to the Dollar store.
Marie Antoinette indeed
Woe is me trying to survive on $5.8 million must be such a struggle 🤨
Demote him and offer him a reception job. Use that money to fight covid. Maybe empty seats between 2 passenger will hover the loss from CEO compensation
Seriously who needs that much.
Maybe cut it all!
Poor guy.
Should have been saving his money. Was he buying too much avocado toast?
Clearly we need a GoFundMe!!!
Gee I hope he can survive on that and the company wants the government to give them bail out money get your expenses in check first
Feel so sorry for him
How many people did they lay off again?
Poor bastard! I can’t imagine!
something very wrong with our whole system in a media story like that. How many service employees have had their comp cut to $2k/month from govt because their job literally vanished? How many Air Canada employees are fully out of work? Give me a break CTV.
Heartbroken he is part of the problem. This is not normal it has to change
Poor him he may have to live like a $5 millionaire not a $10 millionaire
Oh no that’s too little. Only $5.8million? He is going to lose his car Please
Now tell me how does that work. The air line business is down by 90+ % and he gets a 50% cut. Thousands of the employees are out of work and from what I’ve read out of gov’ t benefits. This math does not add up.
Oh no! Is he going to be ok? 🤨
How will he ever make it through this year?
So tragic!
Ummmm....
Up to 60% of AirCanada's entire workforce will be laid off by June. THE CEO SHOULD NOT BE GETTING PAID 5.8 MILLION DOLLARS! This is disgusting! resign
Oh, the sacrifice! What a hero!
Wow...how will he ever survive on that!?
How will he survive?
Still left him too much.
Mon dieu! What will the poor baby ever do?
If the biz is failing under pressure, why is he getting anything, did accountability fall out of the dictionary?!?
How will this guy afford the basic necessities with this pay cut? OMG he may soon be begging in Dundas Square... Be kind when you see him out there....
Awww booboo. Poor you😒
My god we should take up a collection. How will he manage to survive?
Zero f*cks given!
Only half?
Aaahhhh, poor thing! He really suffered from this Pandemic!
How is this man supposed to get by on $5.8 million? Such a tragedy. AirCanada
Lot of money left for them anyway. Thus is why in normal times, prices up to the sky
Dang...feel bad that I just donated to my local food bank, when I could have helped him out instead...shit buddy I’m so sorry 😐
😢
Tough times indeed
Another example of how overpaid CEOs are in Canada and abroad.
Now I know why Air Canada's flight rates are so high. Air Canada has been ripping Canadians off forever. This guy makes more money in one year than most people make in a lifetime. Sure he deserves to be paid, but this is disgusting.
Poor AirCanada CEO How will ever survive? Should we open a GoFundMe account to help out?
Food bank is the next step for him.I hope he can still keep up his contribution to the Trudeau foundation.
Poor bugger
Hire me. I'm qualified and i'll bring the airline back in business. Game on 💪🏼
Poor guy. 5.8m
He needs to be so brave right now. 🤣
We cannot have refunds, but at least the CEO still makes almost $6 million.
Oh no! Hopefully he and his family won’t have to avail CERB, EI so they won’t go hungry.
poor baby. what a sacrifice. NOT.
Tough life!
Aw gee I feel so bad about that
Poor guy. Hope he makes it through 2020.
Gonna have to lay off his butler
Poor guy. Not sure how he will be able to survive on 5.8 beans
Maybe I should start a Go Fund Me page for him. Poor guy. 😂
CTVMontreal Awwwww... Our hearts bleed for him
Poor guy...
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