DUBLIN (Reuters) – Ryanair (I:) shareholders narrowly approved a bonus scheme for Chief Executive Michael O’Leary on Thursday that could earn him around 100 million euros ($111 million) over five years.
The bonus scheme, which requires him to either double the profitability or share price of the carrier within five years, was approved by 50.5% of votes.
O’Leary in February said he would stay for another five years at Europe’s largest low-cost airline, whose share price has roughly halved over the past two years amid a series of disputes with unions and delays to the delivery of the grounded Boeing (NYSE:) 737 MAX.
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