Stelios back on the warpath with easyJet

Easyjet's founder and biggest shareholder Sir Stelios Haji-Ioannou today indicated his ceasefire with the budget airline's board is over as he pledged to vote against executive pay at its AGM.

Sir Stelios had stopped sniping at easyJet's board and even gave his backing to new chief executive Carolyn McCall when she announced the airline would start paying dividends.

But today he wrote to easyJet's chairman Sir Michael Rake saying he will not agree the £1 million pay-out for departed chief executive Andy Harrison.

Sir Stelios said decisions on crew numbers made by Harrison "caused the reputation of both the company itself and the 'easy' brand to sink to an all-time low".

He also pointed out Harrison "walked away with £2.6 million in his pocket" for less than a year's work, plus another 400,000 stock options.