RYR for Mueller !

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RYR for Mueller !

Post by atoutprix on Sat 3 May 2014 - 17:47

http://www.independent.ie/irish-news/ryanair-backs-rival-muellers-15m-pay-in-surprise-move-30240609.html

Extract :

Ryanair has backed the €1.5m pay packet awarded to Aer Lingus boss Christoph Mueller in surprise move by the bitter rival.

At the Aer Lingus annual general meeting, Ryanair used its near 30pc stake to support a resolution to approve the pay received by Aer Lingus directors for 2013.

That ensured a narrow majority voted in favour of the pay and pension hike.

The decision by Ryanair to back Mr Mueller's pay is even more surprising because the remuneration received by the Aer Lingus chief executive included a €400,000 bonus for having successfully fought the latest takeover attempt by Ryanair.

It was also expected that Ryanair would vote against Mr Mueller's pay package as the Government, which controls 25.1pc of the airline, decided not to approve the resolution.

That was a highly embarrassing and serious rebuke for Aer Lingus.
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