Well you can’t keep a good man down although its likely that easyJet Non-Executive Director Professor Rigas Doganis would probably not think Sir Stelios is a good man at the moment. No sooner has Sir Stelios given the Professor the thumbs up and his backing in February to then turn around this week and feel the Sword of Damocles in his back. Its nothing personal, just Sir Stelios showing his disapproval with a board that seems focused on the growth of sales and seemingly forgetting its all about the profit. The Board may regard Sir Stelios as a nuisance but does he have a point (no pun intended)? Read more here
For the person that wants the role of Non-Executive Director the example of Sir Stelios Haji-Ioannou shows what can happen in the Board Room when a powerful share holder has you in the sights. The EasyJet story, whilst not the everyday tale of the Non-Executive Directors role, it does show that even though a NED role can be rewarding it can also be demanding.