Paying for Performance: Ryanair's £129m Question Mark Ryanair's latest pay deal has sparked a revolt among investors, with 39% of shareholders voting against plans that could see Michael O'Leary pocket at least £129 million.
The size of the payout is hardly newsworthy – O'Leary's been negotiating similar contracts for years – but what's striking is the implicit assumption that his performance is tied directly to the company's success.
The "very ambitious" targets mentioned by Ryanair are meant to guarantee substantial returns for shareholders if met, and it's on this point that investors have begun to question the logic.