Holidays a waste of time, says Michael O'Leary
HE's made his fortune by convincing the rest of us to get away from it all as often as we can, but Ryanair boss Michael O'Leary has claimed holidays are a "complete waste of time" and said he only goes on them so his wife and children won't be "traumatised".
The famously outspoken businessman described his horror at holiday time in an interview with a UK business management magazine today, where he also claimed to be Europe's "most underpaid and underappreciated boss".
"I'm paid about 20 times more than the average employee, and I think the gap should be wider," he said.
"I was paid €1.2m last year for carrying 80 million passengers. Aer Lingus's boss [Christoph Mueller] got €1.3m for carrying nine million passengers."
On holidays, the self-professed workaholic said: "I do it because I have a wife and four children who insist that I have to go away every year otherwise they will be traumatised.
"I try to explain to them they'll be more traumatised having me there for two weeks."
He added that "of course" he flies Ryanair but "it costs me a fortune in excess baggage".
In the light-hearted interview, he also claimed to make mistakes "on a daily basis" including "getting a job in the airline industry", "qualifying as an accountant" and "failing to be good enough to play for Man City". In the interview, Mr O'Leary professed not to be a "big admirer of other businessmen".
"I prefer women," he ventured, pointing to the achievements of Body Shop founder Anita Roddick and Ann Summers' Jacqueline Gold.
Mr O'Leary has predicted his own retirement several times over the last decade, he told 'Management Today' and his wife Anita would "love" him to retire but "she should be careful what she wishes for".