easyJet Chief Executive's pay
EASYJET chief executive Ray Webster's pay has soared above that of British Airways counterpart Rod Eddington. Webster picked up £435,000 in pay, bonuses and pension money last year, according to the budget airline's latest report and accounts.
He was also awarded new, immediately exercisable share options worth £500,000 and another bonus in shares for the £265,000 acquisition of Go. Further bonuses worth £ 530,000 relating to the integration of Go are due to be paid within months.
Eddington picked up £504,000 and no bonus last year as BA struggled in the past two years.
Non-executive director Amir Eilon, a corporate financier and long-time associate and adviser to easyJet's founder Stelios Haji-Ioannou, was paid £250,000 for brokering the Go deal and working on the option the no-frills carrier has to acquire BA's German operation.
Eilon, a colourful City figure who made a mint out of the electricity industry privatisation while at BZW, was fined in 1999 by regulators for rule breaches on the flotation of Pace.