Strategic Meetings Summit London, 26 September,
September 29 2022, Kimpton Fitzroy London
Friday 30 September 2022, JW Marriott Grosvenor
Easyjet founder and largest shareholder Sir Stelios Haji-Ioannou (pictured) has hit out at the pay packages earned by the airline’s bosses.
Chief executive Carolyn McCall earned a total package worth £6.4 million including bonus and share options for the financial year to September 30, 2013. This was an increase on the £3.7 million that McCall earned in 2012.
The airline made record pre-tax profits of £478 million in 2013 – a rise of 51 per cent on the previous year.
Haji-Ioannou said: “Although the share price has gone up roughly three times since this management took over, their take home pay has multiplied in the order of 20 to 30 times - a nice job if you can get the other directors to vote for it.
“Yet another case of city insiders enriching themselves without taking any risk. We shall see what other shareholders have to say at the AGM.”
Easyjet’s chief financial officer Chris Kennedy also saw his pay packet more than double in 2013 going up to £3.7 million from last year’s £1.8 million.
The company is due to hold its AGM on February 13, 2014, when shareholders can vote on the pay packages.