Thomas Cook bosses face scrutiny over collapse
Thomas Cook bosses' actions will face scrutiny as part of an investigation into the tour operator's collapse. Business secretary Andrea Leadsom asked the official receiver, which oversees liquidations, to look at whether bosses' actions "caused detriment to creditors or to the pension schemes". The request came amid criticism over executive salaries at the firm. Top directors at the holiday company have been paid a combined GBP20m in salaries and bonuses since 2014. Prime minister Boris Johnson questioned whether directors should pay themselves "large sums of money" as their businesses go "down the tubes". Thomas Cook CE Peter Fankhauser said he was "deeply sorry" about the firm's collapse and said the company had worked "exhaustively" to salvage a deal to keep the company running. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-09-24/unaligned/thomas-cook-bosses-face-scrutiny-over-collapse
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Thomas Cook bosses face scrutiny over collapse
Thomas Cook bosses' actions will face scrutiny as part of an investigation into the tour operator's collapse. Business secretary Andrea Leadsom asked the official receiver, which oversees liquidations, to look at whether bosses' actions "caused detriment to creditors or to the pension schemes". The request came amid criticism over executive salaries at the firm. Top directors at the holiday company have been paid a combined GBP20m in salaries and bonuses since 2014. Prime minister Boris Johnson questioned whether directors should pay themselves "large sums of money" as their businesses go "down the tubes". Thomas Cook CE Peter Fankhauser said he was "deeply sorry" about the firm's collapse and said the company had worked "exhaustively" to salvage a deal to keep the company running. <br/>
