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		</div><p><a href="http://londonglossy.com/wp-content/uploads/2011/02/easyjet-criticised-over-pay-report.jpg"><img class="alignnone size-full" title="EasyJet founder Sir Stelios Haji-Ioannou has slammed pay deals agreed for Andrew Harrison" src="http://londonglossy.com/wp-content/uploads/2011/02/min-easyjet-criticised-over-pay-report.jpg" alt="EasyJet founder Sir Stelios Haji-Ioannou has slammed pay deals agreed for Andrew Harrison"/></a></p>
<p>EasyJet founder Sir Stelios Haji-Ioannou has kept up the pressure on the budget airline as he spoke out against a £2.5 million retention package for its former chief executive.</p>
<p>Sir Stelios, whose family is the carrier&#8217;s largest shareholder, slammed pay deals agreed for previous boss Andrew Harrison since May 2009, in particular a £1 million six-month fixed agreement.</p>
<p>EasyJet agreed to pay Mr Harrison £750,000, plus a £250,000 bonus between April 1 and September 30 while it sought a new boss. He left three months into the contract on June 30, after which he was available for advice until the end of September.</p>
<p>The airline&#8217;s annual report reveals Mr Harrison picked up £2.5 million in salary and bonuses during 2010, including the six-month fixed cash payment and £1.2 million under a &#8220;golden handcuff&#8221; retention deal agreed in May 2009.</p>
<p>Sir Stelios, who owns the rights to the &#8216;easy&#8217; brand name, said he will vote against the remuneration report at easyJet&#8217;s upcoming annual meeting on February 17.</p>
<p>He claimed he was not consulted on Mr Harrison&#8217;s fixed-term package either as a director or shareholder, although he suggested he was aware of the deal at the time and was prevented from speaking publicly.</p>
<p>Sir Stelios said: &#8220;Now, roughly a year and a half later, after these payments have long since been made and I am no longer an insider, I have the right to voice my concern as a shareholder at the annual general meeting.&#8221;</p>
<p>He will also withhold his vote to re-elect interim chairman, Sir David Michels at the AGM in Luton.</p>
<p>Mr Harrison was retained amid a legal case surrounding a brand dispute with Sir Stelios, which was settled in October.</p>
<p>EasyJet declined to comment but its annual report reveals that Mr Harrison&#8217;s retention deal saw him give up his entitlement to a long-term incentive scheme pay-out of up to 192,325 shares and waive a potential bonus worth up to £590,000.</p>
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