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East Coast tourism operators brace for slow season, again – Business News

The Canadian Press – Jun 7, 2021 / 12:42 pm | Story: 336225

An economist says the recent decision by Air Canada executives to voluntarily give back their bonuses is an incredibly rare case of an about-face on compensation from a company.

David Macdonald, a senior economist with the Canadian Centre for Policy Alternatives, says it’s unusual for public outcry to be successful in nudging C-Suite employees to return their bonuses.

The airline announced yesterday its president and CEO, as well as its executive vice-presidents, had volunteered to return their 2020 bonuses and share appreciation units after “public disappointment” grew over its compensation program.

It says former president and CEO Calin Rovinescu, who retired in…

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