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Thomas Cook collapse


finetrader
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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/

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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

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