Thomas Cook fatcats pocketed £47m in pay and perks from doomed travel giant as pics reveal inside of boss’s rented £2m mansion

Thomas Cook fatcats pocketed £47m in pay and perks from doomed travel giant as pics reveal inside of boss’s rented £2m mansion

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THOMAS Cook bosses raked in £47 million from the doomed travel giant, it has been reported.

They include Peter Fankhauser, who earned £8.3million and pictures reveal the £2 million Surrey mansion he rents.

 Passengers wait to be helped at Palma airport after Thomas Cook airline canceling their flights, in Palma, Balearic Islands, Spain
EPA

Passengers wait to be helped at Palma airport in the Balearic Islands, Spain[/caption]

The travel giant collapsed with debts of £1.6billion, leaving  21,000 staff, including 9,000 people based in the UK, out of work and 150,000 holidaymakers stranded abroad.

Honeymooners, soon-to-be wed couples and customers worrying about running out of medication are just some of the hundreds of thousands of people now stuck finding another way back to the UK.

But a breakdown of figures by the Daily Mail shows five bosses of the company took home nearly £47 million since 2007.

Peter Fankhauser

Sky News

Peter Frankhauser is the current chief executive of Thomas Cook[/caption]

The 58-year-old has been chief executive at Thomas Cook since 2015 during which time he has pocketed an annual salary of up to £725,000.

With his bonuses of £4.6million he took more than £8.4milion out of the failed company.

He reportedly shares a lavish Surrey property with his wife Raffaella Cassani and two of his three children, is rented rate of about £6,000 a month.

Swiss national Fankhauser went into the travel businesses after his dad prevented him from becoming a fighter pilot in the country’s air force.

He was praised for rejecting the advice of lawyers to meet the parents of Christi and Bobby Shepherd, aged six and seven, who died while on a Thomas Cook holiday in Corfu in 2006.

Harriet Green

Harriet Green came in for criticism about the handling of the inquests into Christi and Bobby Shepherd
PA:Press Association

Harriet Green was Thomas Cook’s chief executive between 2011 and 2015 and once described herself as a “landa” – combining the fierce qualities of a lion and the placid nature of a panda.

Her time at the company was marred by controversies over the inquest of Christi and Bobby Shepherd and was labelled a “greedy, shameless woman” for her handling of the crisis.

She took home almost £11million in total pay and in 2015 alone, she received £6.3million, despite only working for two months of that financial year.

During her time at the company was on a salary of up to £687,000 a year and was given £7.9million in bonuses.

Green agreed to pay a third of a £5.6million bonus to charities chosen by the Christi and Bobby parents.

Manny Fontenla-Novoa

Under the Spanish-British businessman’s tenure the company’s share price drastically tumble under his leadership between 2007 and 2011.

Investors were outraged when the 65-year-old, left, walked away with a massive bonus in 2011, taking his total pay over his five-year stint to £16.8million

Frank Meysman

The 67-year-old became chairman in 2011 and has been paid £275,000 a year.

In summer last year it was reported the veteran had been looking to leave Thomas Cook but a replacement had not been found.

He earned £2.2million in salary and benefits between 2018 and 2012,

Michael Healey

The 69-year-old accountant was chief financial officer from 2012 to 2017.


He took home a total of £8.3million between 2012 and 2018 in salary and bonuses

Meanwhile Boris Johnson asked why the directors should be allowed to pay themselves “large sums of money” as their business went “down the tubes”.


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