Couldn't he afford Business Class.....?
Even though I despise the way Ryanair is widely reported as treating its staff, I do not wallow in schadenfreude at MoL being bumped as reported. Or any other non-volunteer passenger, for that matter.
Back before security-paranoia days I used to be able to carry everything I needed for a weekend in a carry-on bag. So as I only had hand luggage, if the flight was overbooked and volunteers were requested to transfer to a later flight, then I would consider doing so.
But now that there'd probably be something the security people didn't like, no matter how careful I'd been when packing, I invariably take hold luggage and a small briefcase. So I would be very unlikely to volunteer to switch flights (and even more so airlines) if the flight was overbooked.