Article

2019-09-24 Britain

After Thomas Cook collapse, UK PM asks why bosses got paid millions

NEW YORK/LONDON (Reuters) - After the collapse of Thomas Cook left tens of thousands of Britons reliant on the government to bring them home, Prime Minister Boris Johnson questioned whether the travel firm’s bosses should have paid themselves so much ahead of its demise.
The fact that Boris Johnson had to ask the question is itself quite revealing. Logic voids, why do they hate us ?

Posted by Besoeker 2019-09-24 05:10|| || Front Page|| [11134 views ] Top

#1 They followed the US business model ?

Posted by Besoeker 2019-09-24 05:15|| 2019-09-24 05:15|| Front Page Top

#2 How high-flying bosses creamed off £47MILLION in pay and perks in the years before travel firm collapsed - leaving 156,000 stranded

Posted by Skidmark 2019-09-24 10:39|| 2019-09-24 10:39|| Front Page Top

#3 Furious holidaymakers are told to pay thousands of Euros or get out as hotels try to claw back their money after Thomas Cook's collapse

Posted by Skidmark 2019-09-24 10:41|| 2019-09-24 10:41|| Front Page Top

#4 Thomas Crook

Posted by Lex 2019-09-24 10:58|| 2019-09-24 10:58|| Front Page Top

#5 They got paid because they were the bosses and could do it.

Posted by Glenmore 2019-09-24 11:44|| 2019-09-24 11:44|| Front Page Top

#6 Because companies know that bankruptcy protections are nearly absolute and the limited liability format means that their employees, even executives, are generally immune to any and all consequences for their actions. In short, enriching themselves while annihilating their companies was the best thing the executives could have done, in their own eyes, in our modern economic state where we give businesses such wide exemptions from civil liability.

Posted by Vernal Hatrick 2019-09-24 15:48|| 2019-09-24 15:48|| Front Page Top

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