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The Globe and Mail

Transat senior executives miss out on bonuses, wage increases in 2012

Jean-Marc Eustache, president and CEO of Transat A.T. Inc.


Senior executives of Transat A.T. missed out on cash bonuses and saw their wages frozen in 2012 as the vacation tour company continued to lose money.

The top five officials, including CEO Jean-Marc Eustache, didn't receive any short-term incentives or benefit from a special bonus established to offset salary freezes and cost of living increases, according to a proxy filing with the securities regulator ahead of the company's annual meeting March 14.

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