We’re running this company for the benefit of our long-term stakeholders.”
Note the word 'Stakeholders', not Shareholders (the Owners of the Company).
Stakeholders is a legally meaningless term. Stakeholders could now be said to include: Bombardier, The Quebec Govt, the Caisse de Quebec.
The Owners are letting this jumped-up CEO who actually OWNS his outfit.
3:1-On he's not there this
time next year!