Oct 15, 2019
Thomas Cook ex-boss defends £500,000 bonus payment
Thomas Cook's former boss has defended a bonus payment of £500,000 and said he was not the only one to blame for the collapse of the holiday operator. Peter Fankhauser told a cross-party committee of MPs that he worked "Tirelessly" for Thomas Cook. Committee chair Rachel Reeves, who asked Mr Fankhauser if he would give the bonus back, told Mr Fankhauser his apologies rang "Rather hollow". Mr Fankhauser and other members of Thomas Cook's former management were being grilled by MPs over what led to the liquidation of the business which cost thousands of jobs and left many holidaymakers stranded overseas. Ms Reeves asked Mr Fankhauser if he would return money to repay taxpayers for the massive repatriation programme to bring 150,000 holidaymakers back to the UK and help fund redundancy payments to staff.
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