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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