Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

Ryanair AGM narrowly approves bonus plan for CEO O'Leary

Ryanair AGM narrowly approves bonus plan for CEO O'Leary
FILE PHOTO: Horse Racing - Cheltenham Festival - Cheltenham Racecourse, Cheltenham, Britain - March 15, 2019 Ryanair Chief Executive and racehorse owner Michael O'Leary at Cheltenham Festival Action Images via Reuters/Matthew Childs/File Photo -
Copyright
MATTHEW CHILDS(Reuters)
Euronews logo
Text size Aa Aa

DUBLIN (Reuters) – Ryanair <RYA.I> shareholders narrowly approved a bonus scheme for Chief Executive Michael O’Leary on Thursday that could earn him around 100 million euros (£88.56 million) over five years.

The bonus scheme, which requires him to either double the profitability or share price of the carrier within five years, was approved by 50.5% of votes.

O’Leary in February said he would stay for another five years at Europe’s largest low-cost airline, whose share price has roughly halved over the past two years amid a series of disputes with unions and delays to the delivery of the grounded Boeing 737 MAX.

(Reporting by Conor Humphries; Editing by Himani Sarkar)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.