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EasyJet founder Sir Stelios quits

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EasyJet founder Sir Stelios quits

Postby Gasman » Sat May 15, 2010 9:57 am

http://www.telegraph.co.uk/finance/newsbysector/epic/ezj/7726475/EasyJet-founder-Sir-Stelios-quits-airlines-board-in-protest-at-growth-plans.html

His resignation as a non-executive director escalates the internal turmoil at the company, with the tycoon now planning to build support for a shareholder revolt against easyJet plans to grow its fleet by 7.5pc a year.

"Your only weapon as a non-executive is to resign," he told The Daily Telegraph. "As a shareholder I may have stronger rights as I can discuss it [the number of planes] with other shareholders without being in possession of inside information
...

Sir Stelios wants easyJet to limit its fleet to the current level of around 190 for the next three to four years and focus on boosting shareholder returns and profit margins from 1pc-3pc to 10pc. The June 2009 plan is "too optimistic", he said, in light of the recession, the damage to profits from the volcanic ash cloud and "especially with an incumbent CEO on a golden parachute".

Alongside his resignation, Sir Stelios is pressing ahead with legal action against easyJet over the use of the "easy" name.

However, when asked whether his actions were because he faced financial difficulties, he said: "If you are going to start the story that I'm running out of money, I'm going to call my libel lawyer."

EasyJet has a contract with Airbus for the manufacturer to deliver another 59 aircraft. However, Sir Stelios is considering calling a shareholder vote over whether the contract should be renegotiated.
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Postby Nikitas » Sat May 15, 2010 12:19 pm

The boss is quitting in protest. Aint capitalism wonderful!
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Postby Z4 » Sat May 15, 2010 6:32 pm

Maybe he was arguing over the cost of flights to Cyprus
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Postby CBBB » Sat May 15, 2010 6:33 pm

Z4 wrote:Maybe he was arguing over the cost of flights to Cyprus


Him as well?
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Postby Gasman » Sat May 15, 2010 6:33 pm

:lol:

Dunno why I'm laughing - I paid for another one yesterday!
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Postby DT. » Sat May 15, 2010 11:18 pm

he can f*** off. Here's hoping bankruptcy hits soon stelio.
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EasyJet founder Sir Stelios bullies British Business's

Postby racerace1 » Wed Jun 29, 2011 5:42 pm

Serial Entrepreneur Bullies British Business's with Threats - for Use of Their Company Names & Business Idea

EasyGulet.com and EasyGulet.co.uk are the operating names of websites distributing online leisure services for Gulet holidays originating in Turkey (A Gulet is a boat that is built from a centuries old design and is unique to Turkey. Gulets are still only mostly made in Turkey today) Gulet holidays are a specialist sector of the travel market.

Originally developed in 2008 distribution of these very special services continue through the websites, EasyGulet.com and EasyGulet.co.uk

The websites, EasyGulet.com and EasyGulet.co.uk, categorically insist that by way of its design, marketing, content and features, bears no direct or indirect correlation or shares by way of any mark, services offered online, logos, colour schemes of orange, or any such inference; That may suggest that its operations in anyway bear reference too, is supported by, or is part of easyjet the easygroup plc and any of its registered product offerings and thus unlikely to cause by way of confusion or any inference to the consumers of the United Kingdom and globally.

Despite all the facts indicated in the above paragraph by Easy Gulet, whereby at no time has the website set out to confuse, make assumption or inference that its being in anyway part of the Easygroup or affiliated to any serial entrepreneur the like of Stelios, to this extent, Sir Stelios Haji- Iannou his company Easygroup IP Licensing and firm of Lawyers Clarke Willmott LLP, continue to bombard Easy Gulet with calls and letters inciting copy write infringement, literary infringement, intellectual property infringement and all manner of infringement they can come up with.

This gives them cause for demanding the handing over of domains (easygulet.com & easygulet.co.uk) and to stop all trading forthwith of our services, pending severe penalties of injunctions, damages, costs, etc, etc.

The word “easy” a widely used generic term in the English language today and at the last time of checking, have found hundreds of companies and websites with the word “easy” used as a prefix and the rest further constituting the generic “easy” in the makeup of their names.

There are also several examples which bear direct name resemblance to the Easygroup’s registered websites and product offerings, Easybus.co.uk (registered in the date range of: 14-Feb-2003 by easy group) which then has a like named website Easybus.com registered around: 24-Mar-1998 and owned independently.

Then there is also the example of Easyholidays.co.uk (registered around: 12-Mar-1999 by easy group) which also has a like named website Easyholidays.com and owned independently, this website is currently offering a range of holiday links from its website.


These and a great number of other “EASY” prefix names and truncated offerings bearing “easy” all seem to exist happily without the tirade of accusations so being dubbed on them from Sir Stelios Haji- Iannou his company Easygroup IP Licensing and ever faithful band of lawyers from the firm Clarke Willmott LLP.

The legendary claims of prolific and serial entrepreneur banded about in the media of Stelios wears thin, when it can be said that alongside Sir Stelios there are a great number of people who could lay claim to such titles of austerity, if their fathers and mothers could fund them to the tune of £30m and beyond in ventures of their choosing.

The true title of serial entrepreneur in our humble opinion must go to someone of the ilk of Alan Sugar who with almost nothing and no millions of support from his father has achieved phenomenal success of his own back in a great number of businesses. Lord Sugar as his title remits is a true Brit that continues to live in the United Kingdom, not choosing to reside in tax havens the likes of Monaco.

As cause would have it, a wonderful opportunity now exists for the man who makes it all too easy, would be to endow some of these great entrepreneurial and philanthropic skills talked of in many circles and bring this accredited genius to the near bankrupt and ailing economy of his countrymen, who are not finding things all that EASY.

Are we the public from the United Kingdom and global economy, given to believe that the erstwhile entrepreneur Sir Stelios, Easygroup IP Licensing, and Easy Group PLC owns by way off, all rights to Everything and Anything “EASY” or is it a case that given Stelios’s background, there still remains to this day a deep seated aversion towards the Turkish people and its services.

At best given the magnificent entrepreneurial wisdom of Stelios he chooses when to cherry pick sectors of the British market and doing so, decides to purge and bully British companies into extinction aided by a host of concocted legalities being dispensed by Clarke Willmott LLP, for the use of their company names and businesses.

I do believe that we in Britain have the right to use names which are the birthright of our English language and think best suited to our business’s and working needs, withstanding it does not conflict or offends the interest of another, the word “easy” as defined in the English Dictionary (adjective- free from pain, discomfort, worry, or care) is not the sole property of any one person or company to control or exploit as only they see fit.
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Re: EasyJet founder Sir Stelios quits

Postby DT. » Wed Jul 06, 2011 12:54 am

There's an excellent precedent to this with a UK stock brokerage that that took stelios to court and won. These companies woud do well to look it up. 8)
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