Sir Stelios reignites easyJet feud in fury over remuneration

The rapprochement between Sir Stelios Haji-Ioannou and easyJet proved all too brief yesterday when the airline's founder said he would vote down the £1m pay deal for its former chief executive Andrew Harrison at next week's annual meeting.

Mr Harrison left the airline last year after a dispute with Sir Stelios over easyJet's growth strategy and the rights to the "easy" name. Since his departure, Sir Stelios and the new chief executive, Carolyn McCall, appeared to be building bridges, agreeing a deal to settle the brand dispute last October.

But the feud with Mr Harrison re-surfaced yesterday. Sir Stelios – whose family still controls 38 per cent of easyJet – wrote to the chairman, Sir Michael Rake, to say he would vote against measures to pay Mr Harrison a £750,000 salary and £250,000 bonus for the period from April to September last year, despite his leaving at the end of June.

"I was not consulted on this package, either as a director or as a shareholder, as is customary with major shareholders," Sir Stelios said in his letter, accusing Mr Harrison of using the dispute to give himself "the upper hand" in his own pay negotiations.

The feud between Sir Stelios and Mr Harrison peaked last summer when the easyJet founder described the chief executive as "over-rated" and resigned from the board to pursue the matter as an activist shareholder.

Sir Stelios was no more forgiving in his letter to Sir Michael yesterday. He "favourably acknowledged" current executives' decisions to waive their bonuses in response to "the mess that the company was in last summer" because of crew shortages. But he blamed those shortages on decisions made by Mr Harrison the previous winter in an effort to boost the quarterly numbers without regard to the longer term consequences.

Mr Harrison said: "As CEO of easyJet my job was to implement the strategy agreed by the board. All aspects of my remuneration were determined by the remuneration committee and to the best of my knowledge were communicated to the full board."

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksA celebration of British elections
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

SThree: Trainee Recruitment Consultant - Swiss Banking and Finance

£20000 - £25000 per annum + Uncapped commission: SThree: Can you speak German,...

Ashdown Group: Marketing Executive - 6 month FTC - Central London

£25000 - £30000 per annum + benefits: Ashdown Group: An exciting opportunity f...

Ashdown Group: Junior Project Manager (website, web application) - Agile

£215 per day: Ashdown Group: Junior Project Manager (website, web application ...

Guru Careers: Software Engineer / Software Developer

£40-50K: Guru Careers: We are seeking an experienced Software Engineer / Softw...

Day In a Page

Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before