PPRuNe Forums - View Single Post - Ryanair loses court challenge to Labour Court enquiry
Old 20th Oct 2005, 13:27
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Idunno
 
Join Date: Aug 2001
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worldwidewolly, one reason Micko and the Ryans keep cashing in their chips on such a regular basis is that Tony Ryan learned a hard lesson in that area when he was boss of GPA.

In the Eighties GPA was the worlds biggest and fastest growing aircraft leasing company. Ryan decided to float the company, but the flotation collapsed and the banks called in their debts. He went from being a paper billionaire overnight, to being a mere millionaire, and lost control of his company.

He won't make that mistake again. Every time the share price peaks the boys take a chunk of money out to stash away - just in case history repeats itself.

The lesson Ryan learned - and some on this BB should remember - is that even the strongest looking company can crash overnight if market sentiment turns. He's lining his nest to be ready for the evil day. When/if it does come he and the boys will be OK - and the poor shmucks who only work there will be the real victims this time round.

Its another reason why they need the share price to keep climbing - thats how they cash in.
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