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Thomas Cook’s directors have been told to pay back millions of pounds in bonuses they made as the company fell into liquidation.
Chief executive Peter Fankhauser, who announced the company’s collapse in the early hours of Monday morning, has taken home £8.4 million since 2014, including £4.6 million in bonus payments, it has been claimed.
In total, directors at the UK’s oldest travel agency are accused of giving themselves a collective £47 million in pay and bonuses in the last 10 years.
Yesterday, the prime minister called for an investigation as he questioned whether bosses should pay themselves ‘large sums of money’ as their businesses go ‘down the tubes’. Read more