EasyJet’s directors plan to turn a pay vote at the company’s annual meeting next month into a vote of confidence following a row with airline founder, Stelios Haji-Ioannou.
Stelios, who controls 37.5% of easyJet shares, has threatened to block a pay deal which could award executives shares worth about £8million over the next three years, see previous story.
But non-executives have warned they will view a vote against the pay deal as a vote against the board and it could result in mass resignations, reports the Sunday Times.
The move could force shareholders to decide between backing the board or Stelios.
