Thomas Cook collapse: 'fat cat' pay row as repatriation continues - business live

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Failure of world’s oldest travel company leaves bosses facing tough questions over their pay and performance

Nearly 1,000 British tourists left Turkey’s southwestern Mugla province yesterday, following Thomas Cook’s collapse. Many left after nightfall,and were clearly pleased to be heading home. An additional 3,000 tourists are expected to leave today.

 

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Usual story. Bosses run company into the ground - bonuses & debts (the co had huge debts), everyone gets rightly angry, asks gov qs, gov pretends it cares, nowt happens.

If Parliament was sitting this would undoubtably have been scrutinised- also the issue of hedge funds where some people will have made huge profits from this company’s misfortune.

UK 'Operation Repatriation'?

£47 million one bonus ...disgusting but not uncommon .top dogs knew well that the company was heading for collapse and took advantage of the employees whilst lining their pockets it should be a criminal offence, why is BorisJohnson just waffling gibberish useless sod get him out

Let me project: Media outrage followed by Government public show-trial of major shareholder(s) looking less than contrite - nothing follows.

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There’s always a fatcat pay row when any large company collapses.. it’s always the little man that pays and the big bosses who reap dividends. timeforchange

Executive pay is absolutely immaterial in the context of this collapse. The company owes billions.

Usual Capitalism - benefits for few, risks and debts for the rest VoteLabour

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Thomas Cook collapse: Airlines accused of hiking prices after company failureThere are five flights scheduled to take British tourists back to the UK from Crete - adamparsons has this update from Heraklion Airport. Read the latest on the ThomasCook collapse here: adamparsons Big Mistake by BorisJohnson to allow the company to fail.
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