The unofficial – but determined – campaign to allow FTSE 100 chief executives to be handed US-style megabucks pay packages has a new pin-up.
He is the familiar figure of Michael O’Leary of Ryanair, who isn’t running a Footsie company but is on course for a blowout bonus that, the megabucks lobbyists will argue, demonstrates the case for incentivising bosses with even bigger financial carrots. O’Leary is looking good for a €100m bonus under a 2019 scheme that required the airline’s share price to head to the moon, which it is almost doing to the necessary degree.
