PPRuNe Forums - View Single Post - Easyjet faces pilot strike as pay talks fail
Old 26th December 2005 | 10:21
  #49 (permalink)  
10002level
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Joined: Nov 2004
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From: UK
As the deadline for the ballot draws nearer anyone who has yet to return their form should reflect upon the corporate greed which is endemic within easyJet.

Consider the case of poor Amir Eilon, a non-executive director of easyJet who is contracted to work one day per month. On the 30th November whilst we were being told that we would have to subsidise the company's profits, Amir exercised 500,000 share options at a price of £1.6112 and sold them on the same day for £3.3016.

There is also the case of Elizabeth Savage, easyJet's business development director who on the 7th December excercised options on 50,000 shares at £1.6112, selling them on the same day for £3.545.

Compare that with the pilots who in 2003 were granted share options in easyJet which were subject to performance conditions of an EPS of 20.97p which were not met (the actual EPS was 14.68p) rendering these options worthless.
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