RE:We need one share classYou bring forward a decent arguement in how most often regular employees and common shareholders end up holding the short end of the stick in corportate retructuring situations and, which results in little to no leverage to negotiate a fair deal.
About the dual class shares and the airplane itself, you do understand the airplane in question would have very likely never been developped and built in the first place (would have been too risky) had it not been for the controlling shareholder's and the board's belief this project could enetually successful.
Besides the C-Series project itself, a regular single class structure would have also led to the company being purchased and or controlled by some hedgefund or corporate raider of some sort and then, sold in pieces to the highest bidders.
As for myself and as a long term shareholder who also owns nearly 1/2 of my life savings in this company, partly as a result of having to bring down my average cost to today's share price to break even. So yes, I also have a lot of skin in the game.
Keep in mind the family has every bit as much at risk as the rest of us shareholders, and in fact 15% or so of the company is a lot more than I will ever own. And please don't use the arguement that they are already rich. They have even more to loose than us relatively small shareholders and, as founders, have every right to not want to disolve the dual share structure.
Laurent Beaudoin is a risk taker who has managed to successfully bring this project to where it is today, and for the Bombardier family themselves, are the founder's legacy of keeping this family company going, while many if not most other second and third genaration family business would have instead simply chosen to way away with millions while letting many thousands of Canadians very likely without the good jobs that are here now in Canada and jobs that should stay in Canada for the future.
As a shareholder and Canadian, I'm convinced the longer term success of this company is in the hands of individuals who realize that upper management had to be completely replaced by real experts in their respective fields. At this stage, I beleive it is in my best interest to hold the status quo with the dual class share structure in place.