Ryanair boss Michael O’Leary has seen off a major revolt against his pay, after shareholders voiced concern over his nearly €500,000 bonus even as staff were sent home on furlough. Shareholders voted through a package which handed Mr O’Leary €3.5m in the financial year that ended in March. Read MoreMr O’Leary’s bonus is calculated based on Ryanair’s profit and his personal performance. It is the second year in a row that Mr O’Leary’s pay has been only narrowly passed by shareholders. Since then Mr O’Leary’s base salary and the maximum bonus he can receive, has been halved.

Source: Irish Independent September 17, 2020 13:07 UTC