Former Billionaire Sir Stelios Haji-Ioannou turned whistleblowing into bounty hunting for angry shareholders
Haji-Ioannou’s battle with the top-level management of the firm he founded centers around the decision to buy 107 new aircraft from Airbus, which he said in an open letter to non-executive directors of easyJet in March that the company “CANNOT afford,” adding that the cost of the new Airbus planes, at $5.5 billion, “dwarfs today’s easyJet market capitalisation of £2.4 billion,” .
Andrew Samuels, now a partner at WBI Consulting, developed the whistleblowing programme at Barclays bank that resulted in a $780,000 fine being imposed on Barclays chief executive Jes Staley for the attempted unmasking of a whistleblower in June 2016, describes the idea of a reward or “bounty” as both “appalling” and legally questionable., “I think that the term whistleblower is absolutely wrong on this front.
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