Sir Stelios Haji-Ioannou attacks easyJet board over bonusesguardian.co.uk 2012-01-30 12:12:24EasyJet founder has tabled a motion to block a proposed pay deal that could award 10 executives shares worth some £8m over the next three yearsEasyJet founder Sir Stelios Haji-Ioannou has launched another broadside at the airline's board in a growing row over "fat cat bonuses".Haji-Ioannou attacked easyJet directors, who are said to have threatened to quit the board en masse if they lose a forthcoming pay vote, for treating the company as their "personal piggy bank".The airline's founder, whose family still holds a 38% stake in easyJet, has tabled a motion to block a proposed pay deal that could award 10 executives shares worth some £8m over the next three years. However, the directors plan to turn the pay vote at the 23 February AGM into a motion of confidence, raising the possibility of mass resignations from the board."These guys are welcome to resign anytime. I know as shareholders we could easily replace them with talented executives and experienced non-executive directors who w Full Story » |
Most Popular
|