Stelios to Meet up Regarding easyJet Spending
Sir Stelios

Stelios, the founder of low cost airlines, who is presently facing an unfriendly court case against easyJet, said that a vote will be called for deciding level of dissatisfaction, regarding the spending at the airlines and the compensations.

Addressing the reporters, Sir Stelios on Friday said that he intended to make Director Compensation "a central topic for the next two or three months". The capitalist is "lobbying" easyJet for slicing the spending and costs in a bid for forcing the Company to pay its first dividend.

The complete sketching of the plan of has not yet been disclosed, but Sir Stelios recommends that a vote would result in the removal of the Director and this in turn, will help to know the level of discontent among the shareholders.

Spokesman of easyJet said that the Company has not received any notice regarding EGM from Sir Stelios and that the Company regrets this "strategy of intimidation with the objective of getting a cash return". He said that the Company was glad with the Board structure and the remuneration policy is also satisfactory.

The spokesman also said that Sir Stelios, as a Board member has been involved in all the decisions related to the remuneration policy and strategy. The industrialist has blamed easyJet of spending excessive money for a costly expansion strategy.

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