The times5 Sep 2020 19:52
Re RYA ..Ryanair is poised for a clash with investors this month after the airline was criticised for paying out a €450,000 bonus to chief executive Michael O’Leary despite furloughing staff and taking government pandemic support.
Institutional Shareholder Services, an influential adviser, recommended investors vote against the company’s non-binding pay report at Ryanair’s annual meeting on September 17.
The world’s largest proxy adviser said it was “difficult to justify” the bonus payout, which was about 92 per cent of the maximum Mr O’Leary could have received, given the “upheaval” faced by the airline industry.