Thomas Cook collapse

[finetrader]

https://www.indiatoday.in/business/story/thomas-cook-collapses-thomas-cook-india-name-change-1602509-2019-09-24

[longlake95]

It's a shame that several top execs took something like 20M pounds in comp over the last 5 years, while Thomas Cook was floundering. It's been in bad shape for several years. Another sad case of weak corporate governance - shareholders, the people who own the business, should have more say on pay.

 

I have no problem with managements making big $$$, if the business does well - sounds crazy I know. LOL

 

 

https://globalnews.ca/news/5944313/thomas-cook-bosses-salaries/

[StubbleJumper]

It's a shame that several top execs took something like 20M pounds in comp over the last 5 years, while Thomas Cook was floundering. It's been in bad shape for several years. Another sad case of weak corporate governance - shareholders, the people who own the business, should have more say on pay.

 

I have no problem with managements making big $$$, if the business does well - sounds crazy I know. LOL

 

 

https://globalnews.ca/news/5944313/thomas-cook-bosses-salaries/

 

 

The compensation was 20 million pounds divided by 5 years and probably divided by perhaps 5 senior executives?  Somebody will have to explain to me why 20/5/5 is an outrageous annual pay packet for a senior executive.  Or, as was the public expectation with Sears Canada, perhaps people expect senior executives to work for free when their company is floundering?

 

 

SJ