Former Bombardier CEO's pay cut 12 percent after missed targets

March 31, 2015 3:33 PM

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Former Bombardier CEO's pay cut 12 percent after missed targets

TORONTO (Reuters) - Bombardier Inc's (BBDb.TO) former chief executive, Pierre Beaudoin, suffered a small pay cut in 2014 as the company struggled to complete development of its new CSeries jet, filings showed on Tuesday.

Beaudoin, who has since stepped down as chief executive and become the Canadian plane and train manufacturer's executive chairman, received direct compensation of $5.1 million, down from $5.8 million in 2013.

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