O'Leary extends Ryanair contract in deal that could net him over £130m

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O'Leary extends Ryanair contract in deal that could net him over 130m 2 days ago Share Save Add as preferred on Google Ross McKee BBC News NI PA Media Since Michael O'Leary became Ryanair chief executive in 1994, it has grown from a relatively small regional airline into Europe's largest low-cost carrier Ryanair boss Michael O'Leary has extended his contract to 2032, in a deal featuring a bonus scheme that could earn him more than 150m ( 130m). Since becoming chief executive in 1994, Ryanair has grown from a relatively small regional airline into Europe's largest low-cost carrier. If O'Leary remains at the Ryanair group until April 2032, he would be granted the option of buying 10 million shares at 26.70 per share if annual profit reached 4 billion or if the share price exceeds 42 for 28 successive days. "Achievement of these very ambitious targets would create substantial additional value for all Ryanair shareholders," Ryanair said in a statement. Ry...

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7 Best AI Applications to Enhance Scientific Research






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