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[$$] Ryanair boss O’Leary in chance to win €100m bonus

Josh Spero and Owen Walker

Ryanair chief executive Michael O’Leary will gain a bonus of up to €100m if he hits performance targets. The UK-listed and Irish based company issued options for 10m shares to Mr O’Leary at a strike price of €11.12, which he can buy should he increase the company’s profitability to €2bn and/or its share price to €21 over the next five years. Alan MacDougall, managing director of Pirc, which works with the Local Authority Pension Fund Forum that holds about 1 per cent of Ryanair stock, said: “I would have thought he would be a bit sheepish accepting that, given the current state of the company.