http://stelios.com/ All Latest News en http://stelios.com/fileadmin/templates/100/ext/tt_news/feed_logo.gif http://stelios.com/ 215 140 All Latest News http://backend.userland.com/rss091 Mon, 19 Jul 2010 13:06:00 +0200 http://stelios.com/entrepreneurship/news/read/the-three-ladies-do-it-again.html Launch of "The Day After - lll" report in Cyprus http://stelios.com/news/stelios-receives-retraction-and-apology-from-ryanair-and-michael-oleary.html Sir Stelios Haji-Ioannou has today received a full retraction and apology from Ryanair and Chief Executive Michael O'Leary for running an advert at the beginning of this year suggesting that Stelios was lying about easyJet's punctuality. The advert featured a picture of Stelios as Pinocchio and referred to him as "easyJet's - Mr Late Again" and called on "Stelios...to stop hiding the truth" about easyJet's flight delays and resume publishing weekly details of easyJet's on-time performance. Stelios issued High Court proceedings against Ryanair and Michael O'Leary after the advert was published claiming that the statements made about him were libellous. Michael O'Leary and Ryanair have today unreservedly apologised to Stelios in open court and in writing for these remarks in so far as they related to him personally and suggested that he was lying about the matter. They accept that Stelios is not responsible for the non publication of easyJet's on-time statistics and was not involved in the decision by easyJet management to cease publishing the figures. "It is not very often that someone as arrogant and as powerful as O'Leary is forced to apologise to someone else in public and in writing. I took this legal action to protect my reputation. I am not a liar and that statement was libellous. I would like to dedicate this little victory to all those members of the travelling public who have suffered verbal abuse and hidden extras at the hands of O'Leary." A full page apology at the expense of Ryanair will run in today's Daily Telegraph and Guardian and will be repeated in those newspapers next week. It will also appear on Ryanair's website. Michael O'Leary and Ryanair have undertaken not to publish the advert again and have agreed to pay Stelios damages and legal costs in settlement of the libel claim. The sum offered was £50,100 which Stelios has accepted. He will donate the money to his philanthropic foundation and it has been agreed it will be used for the Stelios Award for Disabled Entrepreneurs in the UK - 2010 which is run in partnership with Leonard Cheshire, the disability charity. Downloads Ryanair advertisement Stelios' advertisement in response Coverage Results from Google News >> ----------------------------------------- Sky News: The long nose of the law - Ryanair apologises BBC: Ryanair says sorry to Sir Stelios for 'Pinocchio' ads Financial Times: Sir Stelios wins apology from O'Leary Bloomberg: Ryanair, O'Leary settle easyJet founder's suit on Pinocchio ad The Sun: Ryanair boss must say sorry The Guardian: O'Leary apologises to easyJet boss over 'Pinocchio' ads The Guardian: Ryanair v easyJet: the ultimate basho Associated Press: Ryanair pays libel damages to easyJet founder Wall Street Journal: Ryanair's O'Leary eats humble pie Press Association: Ryanair in payout to easyJet boss London Evening Standard: Ryanair boss says sorry to easyJet's Stelios Earth Times: easyJet wins libel damages from rival Ryanair over Pinocchio advert The Mirror: easyJet founder Stelios wins libel payout from Ryanair over 'Pinocchio' ads The Independent: easyJet founder wins Ryanair libel payout Sunday Express: Ryanair boss is shot down at last Sunday Telegraph: "Apology of the month has to be the delightful turbo-grove by Michael O'Leary" Sunday Telegraph: Quote of the week: Sorry... Sunday Herald: Fall-out of the week Sunday Times: Quotes of the week De Standaard (Belgium): Ryanair apologises to rival easyJet Irish Sunday Independent: What are the odds? Irish Independent: easy gets a scalp Irish Examiner: easyJet founder wins libel payout from Ryanair Het Nieuwsblad (Belgium): Ryanair boss Michael O'Leary has apologised to his rival Stelios Haji-Ioannou http://stelios.com/news/heraklion-road-show-for-the-stelios-award-for-young-entrepreneur-in-greece.html July 12 saw members of the Heraklion business community gather to glean information about the Stelios Award for Young Entrepreneur in Greece - 2010. Past winner Mike Nafpliotis of zoo.gr was on-hand to describe the Award application process and give some tips based on his recent experience in 2009. Moderated by the president of the Heraklion Chamber of COmmerce, a panel of other young, local entrepreneurs presented their companies and shared success stories generating local TV and press coverage - and excitement within the audience. http://stelios.com/entrepreneurship/news/read/stelios-award-for-young-entrepreneur-of-the-year-in-greece-the-road-show.html In Greece, June 16 marked the second of several Road-Shows nationwide bringing together entrepreneurs from diverse backgrounds to network and learn more about the Stelios Award for Young Entrepreneur of the Year in Greece - 2010. Hosted by the Chamber of Commerce in Thessaloniki, the Road Show focused on opportunities for young entrepreneurs in the IT sector - a fledgling sector in Greece but one with great potential. "This is what my Award is really about," said Stelios. "Reaching out to those entrepreneurs who have the passion, drive and determination to take the lead in helping to get Greece's economy back on its feet. Our respect and support for these entrepreneurs is crucial: in their taking substantial risks to back an innovative idea, they will be creating the companies and jobs that will ultimately fuel this economy." Young entrepreneurs from the presenting companies at the Thessaloniki Road-Show included: Despoina & Valentini Amarantidou from ARTION; Christoforos Nikolopoulos from ALTANET; Pavlos Skenteridis from BIOINSECTA; Dimitris Stratakis from WELLABY'S and Vassilis Tsoulis from STYLEGIFT. Attendees also heard Brian Karey from Simply Burgers - the 2008 winner of the Stelios Award for Young Entrepreneur of the Year in Greece - rally young entrepreneurs to take the big step and get behind their businesses - financially and psychologically - as he and his brother Aris had done several years ago.For more information on the Stelios Award for Young Entrepreneur of the Year in Greece... click HERE http://stelios.com/education/news/read/lse-stelios-scholars-come-together-at-this-years-scholars-donors-thank-you-evening.html On April 29, 2010 Stelios Scholars and UK Co-ordinator Tracy Ghori joined other scholarship donors and recipients at LSE for the annual Donors and Scholars reception. As one of the largest communities amongst scholarship recipients at LSE, the Stelios Scholars were out in full force as ambassadors for the Stelios Philanthropic Foundation and our belief in the exponential effect of giving. http://stelios.com/entrepreneurship/news/read/stelios-entrepreneurs-can-transform-the-world.html John Pickup CEO of Amputees in Action and last year's winner of the Stelios Award for Disabled Entrepreneurs of the UK joins Stelios on stage at this years CBI/Real Business Entrepreneurs Summit on 12 May 2010. http://stelios.com/entrepreneurship/news/read/press-coverage-of-award-launch.html Stelios spoke earlier in the week at an event hosted by the OEB (Cyprus Employers & Industrialists Federation) entitled 'Entrepreneurs Must Give Back!'. At the event, Stelios announced the launch of this year's Stelios Award for Business-Co-operation in Cyprus. Read the following press coverage of the event: Cyprus Mail (Sunday) ...click HERE Cyprus Mail ...click HERE OEB ...click HERE Phileleftheros ...click HERE (PDF format) Star Kibris ...click HERE (PDF format)