UK Thomas Cook Bosses Creamed Off £47 Million

Bosses at Thomas Cook pocketed a £47 million pay bonanza as the firm headed for the rocks.

On Monday night, after the travel operator was dramatically declared bankrupt, furious customers demanded executives hand back some of their ‘rewards for failure’.

Boris Johnson also intervened, asking why directors had paid themselves large sums as the company went ‘down the tubes’.

Ministers have opened an investigation into how Thomas Cook sank under £1.6 billion of debt.

Up to a million customers have seen their holidays thrown into chaos by the collapse of the 178year-old firm. Many are unlikely to receive compensation.

The UK authorities on Monday began to fly home the first of the estimated 156,000 Britons stranded abroad. The operation — the country’s largest ever peacetime repatriation — will cost taxpayers an estimated £100million. Amid travel mayhem around the globe:

Ministers open probe into firm’s collapse