Mr. Speaker, members of the billionaire Bombardier Beaudoin family have super-voting shares that give them a majority of the votes with a minority of the stocks.
That allows family members to elect themselves to be executives and pay themselves, in the case of Pierre Beaudoin, 10 times the industry average. If the company raised money by issuing shares, they would dilute their votes and lose company control.
Is it not true that the government bailout is really about protecting the feudal privileges of this billionaire family?