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Old 29th June 2011 | 10:53
  #839 (permalink)  
Mikehotel152
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Joined: Jan 2007
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From: EU
Ryanair continues to do its main job, create value for the shareholders.
*my italics

I completely refute this statement. Any company's main job is to provide a service to its customers. Have a look at its Memorandum and Articles of Association if you doubt me. Any company that misconstrues its stated purpose of existence so as to make money at all costs because its main shareholders are its top management is surely inherently flawed in my book. And I'm no socialist.

It really can't be that badly run as it continues to expand and make money
The test of being a well run company is making a profit and retaining your employees because they want to work for you. And expanding is easy when all the financial risk of that expansion rests on the shoulders of the employees/contractors/airports. It's also easy to make a profit when you underpay your workforce and don't pay full state taxes.
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