Sentences with phrase «bombardier family»

Members of the Bombardier family have been coming up with crazy transportation ideas for 80 years, usually pesky things the Ski - doo and the Sea - doo.

The eight members of the Beaudoin - Bombardier family — heirs of Joseph - Armand Bombardier, who invented the snowmobile — control the company through a dual - class share structure that gives class A shares, 54 % of which are owned by the family members, 10 votes apiece.

After all, financial aid from the government would, in some ways, serve to enrich the Beaudoin - Bombardier family, which maintains voting control of the company.

That's reflected in the declining wealth of the Bombardier family.

Not exact matches

«Boeing's challenge is an authentic business decision, yet Ottawa seems untroubled about once again playing Sir Galahad, not only intervening on Bombardier's behalf, but also putting the problem - plagued effort to buy new fighter jets on the line, solely for the benefit of a privileged Quebec family and the people they employ,» Kelly McParland wrote in the National Post.

Control of the company rests with the Bombardier and Beaudoin families, who, if the company's current situation is any guide, have not been the most astute owners.

Although Bombardier hired Alain Bellemare as CEO in 2015, the company's dual - class share arrangement means control remains with the founding families.

In the case of Bombardier, the controlling families hold a 53 % voting stake through Class A shares.

Troubles have been brewing in recent years due to difficulties with Bombardier's new family of commercial jets, the CSeries.

In other words, Quebec and federal taxpayers are being asked to pony up to protect the financial well - being of the family, which, incidentally, received approximately $ 150 million in dividend payments from Bombardier over the last decade, even as the company has yet to repay all the money its borrowed from the federal government in the past.

Once in office, Trump appointed the most disproportionately enplaned administration in history: According to Forbes, Treasury Secretary Steven Mnuchin has a Dassault Falcon; Linda McMahon, the Small Business Administration administrator, has a Bombardier Global; Education Secretary Betsy DeVos and her family maintain a fleet of 12 private jets, including a Boeing and six Gulfstreams, as well as four helicopters; Gary Cohn, the chairman of the National Economic Council, and Commerce Secretary Wilbur Ross each retain private - jet shares in a fractional - ownership arrangement.