BBC News - Sir Stelios Haji-Ioannou plans Easyjet revolt
The ongoing fight between Stelios and Easyjet board goes on.
The problem he has now is that the attacks on the board strategy last year and exit of board members will not have enamoured him to City fund managers and those holding Institutional shareholdings. While the family shareholding at 38% ish is a good one there is a real danger that other shareholders do not back him so effectively negating any attempt at using the holding to influence the board.
Leading shareholder / original owner V Board / Later shareholders do not tend to work out in anybody's favour and hurt a company in the long run.
Ultimately I see Easyjet being taken private and delisted if Sir Stelios wins as experienced Airline hands at Senior level will not seek to work for Easyjet where they have to look over shoulder at someone's whim / ego.
Board uncertainty has no immediate impact on short term BUT in medium to long term will, decisions that need to be taken on investment / divestment take longer and longer where everybody fights their own position.
Its not a good position for Easyjet to be in.