EasyJet 2008 Annual Report Download - page 41

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easyJet plc
Annual report and accounts 2008
Report on Directors’
remuneration
continued
Total shareholder return
The Committee does not consider that there is a suitable comparator group against which to measure total shareholder return. However, for completeness
the following graphs show the Company’s performance compared with the performance of the FTSE 250 and that of a group of European Airlines (note 1).
The FTSE 250 has been chosen as it consists of companies of similar size to easyJet. The group of European Airlines comprises companies operating in a
comparable sector.
Directors’ emoluments (audited)
Details of emoluments, paid or payable by Group companies to the Directors of easyJet plc who served in the current financial year are as follows:
Salary/fees Bonus Total Total Pension contributions
2008 2008 2008 2007 2008 2007
£000 £000 £000 £000 £000 £000
Executive
Andrew Harrison 590 266 856 1,537 41 38
Jeff Carr 360 81 441 577 25 21
Non Executive
Sir Colin Chandler 201 – 201 150 ––
Dawn Airey 45 – 45 40 ––
David Bennett 55 – 55 50 ––
Sven Boinet (appointed 1 March 2008) 26 – 26 –––
John Browett 45 – 45 –––
Professor Rigas Doganis 45 – 45 40 ––
Sir Stelios Haji-Ioannou ––––––
Diederik Karsten (resigned 21 February 2008) 18 – 18 40 ––
Sir David Michels 65 – 65 50 ––
1,450 347 1,797 2,484 66 59
The table above excludes gains as a result of the exercise of share options. Details of share options and share awards and any movements during the year
are shown on the following page.
Pension contributions for Andrew Harrison and Jeff Carr are greater than the 7% of salary shown above as they include additional amounts resulting from
the Group’s salary exchange scheme as described above. These reflect a sacrifice from their salary, plus half of the resulting National Insurance saving for the
company (6.4% of the sum sacrificed). Andrew Harrison exchanged £187,000 including national insurance savings for additional pension contributions in the
year (2007: £198,000) and Jeff Carr exchanged a total of £27,000 (2007: £22,000).
39
OverviewDirectors’ reportReport on Directors’ remunerationFinancial informationOther information
300
250
200
150
100
50
030 Sep 03 30 Sep 04 30 Sep 05 30 Sep 06 30 Sep 07 30 Sep 08
This graph shows the value, by 30 September 2008 of £100 invested in easyJet on 30 September 2003 compared with the value of £100 invested in the FTSE Mid 250 index or a comparator group of airlines.
The other points plotted are the values at intervening financial year-ends.
Note1: British Airways, Lufthansa, Ryanair, Air France – KLM and Iberia have been included in the comparative European Airlines Group.
Total shareholder return
FTSE 250 indexeasyJet Comparator airlines
Source: Thomson Financial