Sir Stelios refuses to sign off easyJet's accounts - Times Online
To quote from above link
Sir Stelios Haji-Ioannou, the founder of easyJet, has ramped up his dispute with the low-cost airline's board by refusing to approve the company's annual accounts.
In a formal statement attached to easyJet's final results, the entrepreneur, who owns more than a quarter of the company, sets out his reasons for his concern over accounting policies adopted by the rest of the board, which he believes do not reflect "current commercial realities and the macro-economic climate".
This coupled with Ryanair launching 2 spanish destinations from LGW means interesting times for the low cost sector IMHO.