Air Canada gave out $10M in bonuses amid bailout negotiations with Ottawa Air Canada’s top executives and eligible management received $10 million worth of COVID-19-specific bonuses, as well as special share purchase options to offset base salary cuts over the last year, CTV News has confirmed. The “COVID-19 Pandemic Mitigation Bonus” was awarded based on management’s “exceptional performance during this unprecedented period,” reads the company’s management proxy circular provided to shareholders. While the board actually approved $20 million worth of compensation, representing 50 per cent of the annual incentive plan for 2020, half of that amount was dished out. https://www.ctvnews.ca/politics/air-canada-gave-out-10m-in-bonuses-amid-bailout-negotiations-with-ottawa-1.5450630... View Article