Tuesday June 2, 2020

The Last Post: What are the chances O’Leary could make €99m from shares?

While the Ryanair boss may have cut his base pay to €500,000 the real value of his current contract lies in scenarios relating to share options that could make him many millions. The pandemic, however, could interfere with that

3rd May, 2020
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Ryanair‘s Michael O'Leary doesn’t expect a full recovery until summer 2022. Picture: Getty

It’s less than a year since Michael O’Leary faced a shareholder revolt over his pay at Ryanair, something that is worth remembering when he made headlines on Friday for cutting his annual pay by 50 per cent.

O’Leary’s current contract started on April 1 last year, but was approved by a very small majority at the company’s annual general meeting last September. In it his base pay was reduced to €500,000 with...

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