{"id":8433,"date":"2019-10-15T15:23:08","date_gmt":"2019-10-15T10:23:08","guid":{"rendered":"http:\/\/umang.pk\/2019\/10\/thomas-cook-ex-boss-grilled-over-500000-bonus\/"},"modified":"2019-10-15T15:23:08","modified_gmt":"2019-10-15T10:23:08","slug":"thomas-cook-ex-boss-grilled-over-500000-bonus","status":"publish","type":"post","link":"https:\/\/umang.pk\/ur\/2019\/10\/15\/thomas-cook-ex-boss-grilled-over-500000-bonus\/","title":{"rendered":"Thomas Cook ex-boss grilled over \u00a3500,000 bonus"},"content":{"rendered":"<div property=\"articleBody\">\n<figure class=\"media-with-caption\">\n<div class=\"player-with-placeholder\">\n            <\/p>\n<p>Media playback not supported on the device<\/p>\n<\/p><\/div><figcaption class=\"media-with-caption__caption\"><span class=\"off-screen\">Media captions<\/span>As a bonus Thomas Cook ex boss: &amp; # 39; it&#39;s not up to me &amp; # 39;<\/figcaption><\/figure>\n<p class=\"story-body__introduction\">The former boss of Thomas Cook was baked with a bonus payment of \u00a3 500,000 and is not the only responsibility for the breakdown of the holiday company.<\/p>\n<p>Peter Fankhauser told MP&#39;s Cross Party Committee that he worked &quot;disordered&quot; for John Thomas Cook.<\/p>\n<p>He was sorry for the collapse, but said that the reason is &quot;not sectional&quot;.<\/p>\n<p>Commissioner Rachel Reeves, who asked Pan Cowger to return the bonus, told Pan Cowger that the apples were poor.<\/p>\n<p>Former Governors and former Thomas Cook executives questioned why MPs were forced to close thousands of jobs on Sept. 23 and many holidaymakers were stranded abroad.<\/p>\n<ul class=\"story-body__unordered-list\">\n<li class=\"story-body__list-item\">Former employee at Thomas Cook Shop<\/li>\n<li class=\"story-body__list-item\">Thomas Cook buyers promise to save 555 stores and 2,500 jobs<\/li>\n<\/ul>\n<p>The former chief executive said that he did not receive the bonus in 2018 but received a \u00a3 750,000 bonus in 2017. Two-thirds of them were cash and the rest were stocks.<\/p>\n<h2 class=\"story-body__crosshead\">&amp; # 39; I&#39;m so sorry &amp; # 39;<\/h2>\n<p>Reeves sent Fankhauser money back to the taxpayer for a large repatriation program, asking more than 150,000 holidaymakers to return to the UK and asking staff if they could support double payments.  <\/p>\n<p>&quot;I fully understand the sentiment of the public and I understand the sentiment of some of my colleagues.<\/p>\n<p>&quot;But what I can say is that I&#39;m really sorry for not being able to close the deal because I&#39;ve worked tirelessly for the company&#39;s success. <\/p>\n<p>&quot;But what failed wasn&#39;t one-sided. There were several parties who eventually didn&#39;t participate in the deal, but in the end they didn&#39;t succeed.&quot;<\/p>\n<p>Fankhauser said, &quot;He must consider what is right, but I will not decide it today.&quot; <\/p>\n<figure class=\"media-with-caption\">\n<div class=\"player-with-placeholder\">\n            <img decoding=\"async\" class=\"media-placeholder player-with-placeholder__image narrative-video-placeholder\" src=\"http:\/\/umang.pk\/wp-content\/uploads\/2019\/10\/1571140716_145_Thomas-Cook-ex-boss-grilled-over-500000-bonus.jpg\" alt=\"\" title=\"\"><\/p>\n<p>Media playback not supported on the device<\/p>\n<\/p><\/div><figcaption class=\"media-with-caption__caption\"><span class=\"off-screen\">Media captions<\/span>Fomer Thomas Cook employee returns to work<\/figcaption><\/figure>\n<p>Why did Reeves keep a financing contract for a long time to save a company he didn&#39;t &quot;know&quot; to former Thomas Cook former chief executive officer?<\/p>\n<p>Fankhauser said he had &quot;confidence.&quot; &quot;Otherwise we didn&#39;t work hard and were sponsored by the bank and had a substantial agreement from the bank and creditors on August 28.&quot;<\/p>\n<p>He met with MPs Secretary of Transportation Grant Shapps on September 9 and insisted that the travel agency would have survived if the government supported Thomas Cook&#39;s rescue plan. <\/p>\n<p>&quot;We estimated Thomas Cook&#39;s cost collapse would be much higher than we asked,&quot; he said. &quot;I&#39;m not honestly criticizing the government.<\/p>\n<p>&quot;I&#39;m sure we&#39;ll have a new start after regaining capital.&quot;<\/p>\n<p>In the end, he said the government did not want to set a precedent.<\/p>\n<p>Fankhauser said, &quot;I&#39;m very sad.&quot; &quot;I knew I had to throw it in the towel.&quot;<\/p>\n<p>Last week, Sunderland-based company Hays Travel announced it would take over more than 555 Thomas Cook stores that could save 2,500 jobs.<\/p>\n<p>Pan Cowger said the announcement was &quot;one of the brightest days in the last three weeks.&quot;<\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Media playback not supported on the device Media captionsAs a bonus Thomas Cook ex boss: &amp; # 39; it&#39;s not up to me &amp; # 39; The former boss of Thomas Cook was baked with a bonus payment of \u00a3 500,000 and is not the only responsibility for the breakdown of the holiday company. Peter [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"class_list":["post-8433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"_links":{"self":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/8433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/comments?post=8433"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/posts\/8433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/media?parent=8433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/categories?post=8433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/ur\/wp-json\/wp\/v2\/tags?post=8433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}