Nothing says ‘well done me’ quite like a hefty pay cheque.
Michael O’ Leary is a man that many love to hate and after seeing just what the Ryanair Chief Executive’s wage packet looks like, he is now the man we all envy.
Ryanair just released their annual report and it contained figures and number that made us choke on our tea.
After sifting through the corporate document that shows the company’s traffic growth increasing by 3% and other details such as the 180 new aircrafts that are on order and the 121 new routes that Ryanair launched… it was something else that caught our eye.
As our brothers over at JOE.ie were quick to point out, the talking point has to be Chief Executive Michael O’Leary earnings. You may want to sit down for this one.
The report shows that the airline’s head honcho earned €1.75million in 2013, made up of a salary of €968,425 and a bonus, wait for it, of €783,000 – a considerable increase on his annual wage from the previous year, which was a salary of €768,000 and a bonus of just over half a million.
Laughing all the way to the bank.
According to The Mirror, O’Leary’s salary is minuscule in the grand scheme of things, as his shares in the company are worth a cool €355 million.
O’Leary owns more than 51 million Ryanair shares, 3.7 per cent of the total, and so his annual pay slip is just pocket change.
