Ryanair boss O'Leary's E99m pay sparks investor revolt

Nearly half of Ryanair's shareholders voted against a pay deal for Michael O'Leary that could hand the CE E99m. The airline said that just 50.5% of investors voted in favour of the company's remuneration report. The revolt comes at a difficult time for Ryanair which is facing more strike action from pilots and is cutting jobs. Following the vote, a spokesman said it would consult with its investors. He said: "Ryanair is, and will continue, to consult with its shareholders and we will report back to them over the coming year on how the board will adapt its decision-making to reflect their advice and input on all these topics." Pilots are planning more walkouts this month in a row over pay and conditions. <br/>