Thursday 8 September 2011

Stelios Wants Director Removed

Stelios Haji-Ioannou the founder of easyjet has launched an attempt to remove Rigas Doganis from the board. Doganis is charged with voting in favour of ordering 35 new aircraft before a profit warning was announced. Stelios has called for a meeting of shareholders to vote on the removal of Doaganis.

Stelios was fuming that the order was placed and that Doganis should have foreseen the projected profit warning. The removal vote comes after Stelios had Sir David Michaels last month removed from the board last month.

He also said it was about time directors started paying for mistakes they make with other people’s money.

Easyjet hit back by saying this was an unnecessary and costly distraction that was damaging the company’s reputation and said it would be writing to shareholders to vote against the removal order.

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