Sir Stelios Haji-Ioannou to vote against easyJet "I will vote against the remuneration report," the entrepreneur confirmed in an email conversation with The Sunday Telegraph, detailing his concern about the decisions being made by the company's board, chaired by Sir Michael Rake. He declined to comment when asked if he would vote against the re-election of individual directors, however. That plan recently delivered shares worth almost £7m to 10 executives, led by chief executive Carolyn McCall. Sir Stelios said the deal was "daylight robbery." He argued that the way the board chooses to calculate return on capital employed (ROCE) - one of the key metrics used to measure the incentive plan - was incorrect and "self serving." Last week, Sir Stelios wrote to the Prime Minister to support plans for new rules on executive pay, under which 75pc of shareholders would have to back executive pay and bonus schemes before they could be awarded. Such rules would enable him to block such awards. He denied he was hurting the airline through his continued opposition to the board, saying: "The £7m does not go to the 8,000 staff who I am proud of, it goes to a handful of directors. Over the past decade, these directors and their predecessors have taken away £160m in shares and bonuses without risking a penny of their own money. However, Sir Michael Rake, the company's chairman, denied Sir Stelios's allegations, branding them inaccurate and misleading. He said that the airline continued to perform well, and noted that it was at Sir Stelios's behest that the airline moved to using ROCE as a measure for performance.