Easyjet vs Stelios vs Airbus

Is Easyjet well served by getting on the wrong side of a 30% shareholder in difficult times. Is the continued concentration on growth for the benefit of the shareholders that take all the risk, or for increasing managements incentive packages. There are enough samples of corporate greed where top management walks away with millions even though the results tanks and staff ends up getting laid off.

Easyjet management says an outside independent have looked at its dealings with Airbus and found nothing untoward. An independent company is only as independent as the one that pays their bill want them to be. Self-hiring an "independent" is a well known way of getting in ahead of an investigation instigated by somebody else.I am not saying anything will be hung on the current management of Easyjet, but smaybe something will stick on Airbus that could be used for negating the contract without penalties. Even more likely since they have already settled something similar.

Easyjet management's problem will be going forward with a toxic relationship with its biggest shareholder. It's not like Ryanair, or Norwegian up until their last vote, where all shareholders are very small and unconnected leaving it completely up to management to run the show.

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