make shareholders join with him

As part of its compensation and incentive To improve your managementthe CEO of the big companies usually receive Bonds by objectives. Elon Musk has had to pass several times By courts to collect His Milmillonario Bono of Tesla after far exceeding all the objectives that the shareholders put in 2018. Michael O’Leary, CEO of Ryanair is about to achieve his of 100 million euros that Ryanair promised him.

The Ryanair CEO justified its compensation compared to other high -performance industries: “I think we are providing a remarkable value for Ryanair’s shareholders at a time when the Premier League soccer players and trainers earn between 20 and 25 million euros per year,” published The British The Telegraph.

The announcement of this achievement by the CEO occurs just when the company He faces a labor conflict with part of the template to which claims the return from your salary.

A millionaire dividend

According to collected BloombergO’Leary’s bonus was agreed in 2019 and extended after the renewal of his contract in 2022 for five and a half years. However, the collection of this bonus is not automatic.

O’Leary can only access 100 million euros if Ryanair’s shares remain above the 21 euros for at least 28 days consecutive natural. According to data of The Telegraph and Expansionthe actions of the airline have been maintained above that threshold since last May 2, thus accumulating 27 days in a row above the limit, so the objective could already be reached.

This condition had never been fulfilled for so long, since the previous contribution record was only five days in March 2024. O’Leary has been prudent about the imminence of payment, pointing out that “many things can happen until the objective is completed.”

However, rather than not achieving the objective of contributions from his shares, the manager is cautious because the payment of the bonus It will not be effective until 2028and only if the CEO continues to lead the company until that date, according to the terms of its contract.

O’Leary’s key: repurchase actions

The good behavior of the company’s actions has occurred even though Ryanair record A decrease of 16% for its annual benefit with respect to the results of the previous year, reaching 1,610 million euros.

This result is partly due to a cunning operation of shares repurchase worth 750 million euros that the company raised in mid -2024. That repurchase has reinforced the value of the shares making it a more profitable asset for its shareholders.

According The information of ForbesMichael O’Leary’s personal fortune is estimated at some 1.1 billion dollars. That heritage places it as one of the richest people in Ireland and is characterized by having an extravagant character and not hesitating to apply measures that walk to the edge of the razor in order to get yours. Something that also applies in airline policies.

In Xataka | Ryanair has spent a year selling so cheap that now his passengers will suffer the consequences: expensive tickets in 2025

Image | Ryanair, Wikimedia Commons (World Travel & Tourism Council)