Ryanair's Michael O'Leary lines up £133m payday

Ryanair chief Michael O'Leary could score a €153 million (£133 million) payday under a renewed remuneration package tied to performance targets. The deal rewards share options if he remains with the group until April 2032 and only if annual profit hits €4 billion or if the share price stays above €42 for 28 consecutive days. Ryanair said achieving these targets would create substantial value for shareholders. O'Leary, who has steered Ryanair since 1994, led a record full-year post-tax profit of €2.26 billion, with the shares closing at €25.72 yesterday. The remuneration will be put to shareholders at September's AGM, and a prior scheme could have earned him up to €100 million.