Tuesday March 31, 2020

Ryanair set €1.75bn profit target for senior managers

Reporting restriction lifted to allow media to report figure that would allow top staff to cash in share options

10th December, 2019
Michael O’Leary, chief executive of Ryanair:

Ryanair’s senior managers were told the airline had to hit a profit margin of €1.75 billion before they could benefit from its share options scheme.

The target for the for the 12 months ending March 21 2020 emerged in the High Court last week, where the airline has taken a case against Peter Bellew, its former chief operations officer, to prevent him moving to EasyJet before January 2021....

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