FLASH
Shkruar nga PamfletiUnder a 2019 contract, Ryanair gave Michael O'Leary the right to buy 10 million shares at a low price if financial targets were met; now that the company has met them, the director is counting on over £111 million in personal profit, while passengers are still waiting for a normal travel experience.
Ryanair CEO Michael O'Leary has received a personal bonus worth over £100m under a deal signed in 2019 that gave him the right to buy 10m shares in the company at a reduced price if the share price reached a certain level. Today, that target has been met and his personal profit is estimated at over £111m. All of this was done in accordance with the contract, but that doesn't make it any less worrying, because we are not dealing with a closed private company, but with a public corporation operating with the funds and trust of millions of citizens.
Ryanair Holdings plc is a public company listed on the major European and American stock exchanges, Euronext Dublin, London and NASDAQ. This means that any significant financial decisions are not simply a matter for an internal board, but involve the interests of hundreds of thousands of investors and customers, who have a right to know how funds are allocated and what the management priorities are.
While Michael O'Leary is rewarded with record amounts for achieving financial indicators, Ryanair customers face a different reality every day: minimal service, strict baggage restrictions, flight cancellations without notice, constant delays and a staff paid the minimum possible. While the company significantly increases ticket prices, it does not invest in improving the customer experience, but channels financial success towards the personal benefits of its executives.
O'Leary has been at the helm of the company for more than two decades, and has built an aggressive business model based on low costs and operational efficiency. No one disputes that it has had an impact on the share price, but it is legitimate to raise doubts when the bonus exceeds 100 million pounds and the company refuses to share this success with those who keep it alive every day - passengers and employees.
When the CEO is simultaneously the designer, beneficiary and supporter of such a reward scheme, the debate is no longer about merit, but about ethics. In a public company, which has legal obligations for transparency and accountability, it is not enough to say that "it is in the contract". The question is: is this the right way to distribute the value generated by a company that serves millions of ordinary citizens across Europe?
This is the graphic that clearly illustrates how Ryanair's share price has increased from 2019 to 2024, exceeding the level of 11.12 euros per share; which was the contractually guaranteed price for Michael O'Leary.
After this limit was reached in 2024, O'Leary activated the right to buy 10 million shares at a low price, profiting over 100 million pounds from the difference with the current market price. /Pamphlet
Source: DailyMail
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