Michael O'Leary's €100m CEO bonus troubles analysts

The payout is triggered if the airline's share price exceeds €21 for a period of 28 consecutive calendar days

Ryanair shares have risen 32% since the new salary policy for CEO Michael O'Leary was announced.

A potential €100m payout to Ryanair Holdings Plc chief executive Michael O’Leary raises corporate governance concerns, according to analysts at Barclays Plc.

The bank noted only a portion of the airline’s investors would be able to vote on the payout — triggered if the share price exceeds €21 for a period of 28 consecutive calendar days — after voting rights of British shareholders were removed following the UK’s 2020 withdrawal from the European Union.