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Chris Bryant

Ryanair Boss Might Get His $110 Million Bonus

But it’s still not clear what he would have done to deserve it.

Quids in, maybe.

Quids in, maybe.

Photographer: Alan Crowhurst/Getty Images Europe

When shareholders narrowly voted to approve a possible 99 million euros ($110 million) bonus for Ryanair Holdings Plc boss Michael O’Leary in September, it seemed unlikely they’d actually have to pay him the money.

The terms of the reward plan require O’Leary to get the stock price back above 21 euros, and at the time of the annual meeting it was languishing at less than 10 euros. (Alternatively he needs to double net profit).