Ryanair chairman faces growing threat of investor protest

Ryanair’s chairman David Bonderman is facing a growing threat of a shareholder protest at the company’s annual meeting as calls mount for investors to vote against his re-election. The International Transport Workers’ Federation and European Transport Workers’ Federation said Tuesday that Bonderman needed to be ousted to change what they called the company’s “virulently anti-union” culture. The federations joined Glass Lewis, an influential shareholder advisory company, which last week recommended shareholders vote against Bonderman, as well as 2 other directors, over governance concerns. Glass Lewis also called on shareholders to vote against executive pay at the company, suggesting the current plan was poorly designed. <br/>