Author Topic: Thomas Cook collapse  (Read 1617 times)

finetrader

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Live to invest, invest to live


longlake95

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Re: Thomas Cook collapse
« Reply #1 on: September 25, 2019, 07:17:03 AM »
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

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Re: Thomas Cook collapse
« Reply #2 on: September 25, 2019, 07:42:03 AM »
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