Thomas Cook chief breaks silence to claim he’s ‘NOT a fat cat’ despite raking in £8m salary before firm’s collapse

Thomas Cook chief breaks silence to claim he’s ‘NOT a fat cat’ despite raking in £8m salary before firm’s collapse

- in Uk News
142
0

SHAMED Thomas Cook boss Peter Frankhauser has hit back at claims he is a fat cat – despite trousering £8.3m from the collapsed travel firm.

The loaded CEO, 58, was condemned for raking in millions as the firm went bust – but said he would do “nothing” differently.

Peter Fankhauser was the last chief executive of Thomas Cook
Georgios Makkas/Panos Pictures

Mirrorpix

Many workers are owed up to SEVEN weeks pay from the collapsed firm[/caption]

Mirrorpix

Yesterday more than 400 cabin crew gathered at Manchester Airport for a meeting with union officials – but were told they wouldn’t be paid on Monday[/caption]

It comes as hundreds of employees turn to food banks while waiting for thousands in missing wages.

He told the Mail on Sunday: “I tried my absolute best to save the company.

“How I feel? Desperate. And deeply sorry.  I’m grateful for the loyalty of millions of customers.

“And I feel deeply, deeply sorry that they suffered this crisis. I can’t say more than that. I can just tell them I tried everything for this company.

“What would I have done differently? Completely differently? Nothing.”

Bosses face being hauled in front of MPs to explain why they took out £47million – including £29m in bonuses – as profits plummeted.

Yesterday more than 400 cabin crew gathered at Manchester Airport for a meeting with union officials – but were told they wouldn’t be paid on Monday.

Some staff even accused the firm of stealing their “children’s futures.”

Staff told how they we worried about paying mortgages and have been forced to use charity food vouchers.

Mirrorpix

Some staff even accused the firm of stealing their ‘children’s futures’[/caption]

The firm’s collapse left dozens of passengers stranded
Reuters

Others claim they were relying on friends and family for financial help.

Cabin manager Mike Kilburn, 47, blasted: “It’s sickening they were taking that amount out of the firm – in my mind they are crooks.”

Unite’s Mike Gaskell added: “We’ve seen film star wages being taken out of a business for what ultimately was failure. People have a right to be angry.”

STAFF FORCED TO USE FOOD BANKS

The closure left 21,000 staff without jobs and 150,000 customers stranded abroad.

More than 100 former staff at the travel company have backed legal action in a bid to recover their lost wages.

A breakdown of figures shows five chiefs took home nearly £47million since 2007.


Frankhauser shares a lavish Surrey property with his wife Raffaella Cassani and two of his three children, which is rented for around £6,000 a month.

And former CFO Michael Healy was slammed for raking in £8.3million between 2012 and 2018 in salary and bonuses.

A DfT source said: “If ever there was an example of payment for failure, this is it.”

Georgios Makkas/Panos Pictures

Peter Fankhauser took the top job at Thomas Cook five years ago[/caption]

Mr Fankhauser battled to secure an extra £200m of rescue funding to keep the firm afloat
Georgios Makkas/Panos Pictures
The Swiss millionaire shares a lavish Surrey property with his wife Raffaella Cassani and two of his three children, which is rented for about £6,000 a month
Rightmove


We pay for your stories! Do you have a story for The Sun Online news team? Email us at [email protected] or call 0207 782 4368. You can WhatsApp us on 07810 791 502. We pay for videos too. Click here to upload yours.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

You may also like

Christmas post chaos feared as Royal Mail staff vote to strike over festive season

POSTIES have voted to bring havoc to Christmas