Air Canada CEO got paid $12.4 million in 2022 — a whopping 233% pay increase
National Trending Staff | Apr 10 2023, 8:56 am If you got a raise last year, chances are it was nowhere near as much as what Air Canada paid CEO Michael Rousseau. In 2022, Rousseau earned $12.38 million — a jump of 233% compared to the previous year. Air Canada has published a 100-page Notice of Annual Shareholders document detailing compensation for the company’s executives. The company received funding from the government, and part of the clause involved restrictions on executives’ pay. With those restrictions now gone, executives saw pay rises of over 100%. According to the document, in 2021, Rousseau was paid $3,717,000 in share-based awards, option-based awards, annual incentive plans, and pension value. Following the retirement of his predecessor, Calin Rovinescu, two years ago, Rousseau took the helm as Air Canada’s chief executive officer in February 2021. This year’s numbers mean Rousseau earned $6,000 per hour and received a monthly payment of...
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