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Michael O'Leary, the longtime boss of Ryanair, Europe's biggest airline, stands to collect up to €150mn under a new contract signed with the carrier.
The package centres on a bumper share award that delivers its full value only if O'Leary meets targets the company has characterised as ambitious — tying his maximum payout to Ryanair's performance rather than guaranteeing a fixed sum.
The Architecture of the Award The €150mn headline figure represents a ceiling, not a floor.
Equity-based compensation of this kind links O'Leary's financial outcome to the airline's fortunes over the life of the contract.
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