Ryanair investors reject proposals for a very large remuneration package for chief executive Michael O’Leary, after a vote against the pay plans, according to multiple outlets. The size of the deal is reported in different currencies and figures, but it is described as potentially reaching more than €150 million or about £129 million.
The Irish-based airline says its pay arrangements are linked to meeting demanding performance targets, with the chief executive defending the approach as contingent rather than guaranteed. Financial Times reports that O’Leary frames the bumper remuneration as dependent on achieving stretching goals.
Across reports, the key point is the scale of investor opposition: The Independent and Belfast Telegraph both report that a substantial share of investors vote against the proposals. The exact voting percentage is cited by The Independent as 39% opposing the pay plans, while other outlets focus on the broader investor revolt and the company’s response.
Overall, the dispute centers on governance and pay-linked incentives, with investors questioning the level of executive pay and the airline emphasizing target-linked contingencies.
