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Thomas Cook pay and bonuses - UK Parliament
1 week ago parliament.uk Show details
interest and tax”, on which Thomas Cook bonuses were at various times based, depended on which costs were included as part of the calculation and which costs were “separately …
Thomas Cook's auditor warned firm to stop using accounting …
6 days ago dailymail.co.uk Show details
Sep 24, 2019 · Thomas Cook's auditor warned the travel company in 2018 to stop using accounting method that exaggerated its profits by £150 million and boosted executives' pay …
The Thomas Cook bosses who received £20m in bonuses in last 5 …
1 day ago telegraph.co.uk Show details
24 September 2019 9:14am BST. Thomas Cook executives have been paid more than £20 million over the last five years, despite long term fears that the operator faced collapse. Peter …
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Thomas Cook used its auditors to justify £5m bonus - BBC News
1 week ago bbc.co.uk Show details
Oct 21, 2019 · Audit firm EY, which signed off on Thomas Cook's financial health before its collapse, also wrote a report used to award its former boss a £5m bonus. The bonus, paid to …
Harriet Green’s pay slumped in final year at Thomas Cook
6 days ago ft.com Show details
That compared to a £2.9m package for the 2012/13 financial year, when she was awarded a bonus of £1.8m. ... Thomas Cook paid £76,000 of Ms Green’s hotel bills and tax on …
Thomas Cook Pay Row Highlights Bigger Issue - Forbes
1 week ago forbes.com Show details
Sep 26, 2019 · According to Thomas Cook’s 2018 Annual Report (page 99), Fankhauser’s fixed remuneration is given as £1.o3 million although his maximum potential remuneration was …
Thomas Cook Execs Could Be Stripped Of Controversial Bonuses, …
1 week ago huffingtonpost.co.uk Show details
Sep 25, 2019 · The group’s annual report reveals Peter Fankhauser, who became Thomas Cooke’s CEO in late 2014, pocketed £8.3 million in pay, benefits and bonuses between 2014 …
Thomas Cook shares jump 7% after robust performance in Q2 …
2 weeks ago business-standard.com Show details
6 days ago · Shares of Thomas Cook (India) jumped up to 7 per cent to hit an intraday high of Rs 204.90 per share on the BSE after the company reported a substantial increase in net profits …
PwC and EY accused of complicity in Thomas Cook collapse
1 week ago ft.com Show details
Oct 22, 2019 · Thomas Cook has also been questioned for taking more than a decade to write down £1.1bn of goodwill from the acquisition of MyTravel in 2007. EY is being investigated by …
PwC bosses to face questions from MPs over Thomas Cook
1 week ago accountancyage.com Show details
Oct 21, 2019 · The travel company used a controversial accounting policy that saw it cut out “exceptional items” totalling £1.8bn across eight years, flattering the company’s top-line …
Thomas Cook: a tale of two moral hazards | openDemocracy
6 days ago opendemocracy.net Show details
Sep 30, 2019 · Bonuses were understandably not paid in 2018, but in 2017 the CEO, Peter Fankhauser, received 117% of his base salary as bonus. Thomas Cook’s CEO bonuses were …
Auditors had concerns about Thomas Cook going bust for years
1 week ago yahoo.com Show details
Oct 22, 2019 · READ MORE: Leadsom: Thomas Cook bailout would be 'throwing good money after bad' Hudson said PwC had a “significant issue” with Thomas Cook’s status as a ‘going …
Thomas Cook used its auditors to justify £5m bonus - BBC
1 week ago bbc.com Show details
Oct 21, 2019 · Audit firm EY, which signed off on Thomas Cook's financial health before its collapse, also wrote a report used to award its former boss a £5m bonus. The bonus, paid to …
Thomas Cook chief says lack of government support led to collapse
2 weeks ago ft.com Show details
Oct 15, 2019 · The committee started with questions about Thomas Cook executives’ salaries and bonuses. Board members received salaries totalling £20m in the five years before its collapse.
Thomas Cook boss 'sorry' over collapse but defends pay and …
1 week ago bbc.com Show details
Sep 29, 2019 · BBC. The boss of collapsed Thomas Cook has said he is "deeply sorry" over the historic travel firm's liquidation. Peter Fankhauser also told the Mail on Sunday that saying …
Thomas Cook's auditor EY to be investigated - BBC News
2 weeks ago bbc.co.uk Show details
Oct 1, 2019 · In May, Thomas Cook reported a £1.5bn loss for the first half of its financial year, with £1.1bn of the loss caused by the decision to write down the value of My Travel, the …
Top trio who oversaw Thomas Cook’s rise and fall - Financial Times
5 days ago ft.com Show details
Sep 27, 2019 · Thomas Cook made a £23m profit in 2015 but fell to a £163m loss in 2018. Servicing its debt cost around £150m per year, leaving Mr Fankhauser with little capital to …
Thomas Cook ex-boss on bonus: 'It's not up to me' - BBC
1 week ago bbc.com Show details
Oct 15, 2019 · Thomas Cook's former chief executive Peter Fankhauser tells MPs on the Business, Energy and Industrial Strategy Committee that it is not up to him to decide whether …
THC0013 - Evidence on Thomas Cook
2 weeks ago parliament.uk Show details
Salient features noted: (a) On a turnover of £9 billion, the Group made a profit of £9 million in its 2017 financial year (i e – wafer thin). (b) On a turnover of £9.6 billion, the Group made a loss …
MPs: Wretched state of audit sector evident in Thomas Cook …
4 days ago accountingweb.co.uk Show details
Oct 23, 2019 · Elizabeth Barrett, executive counsel and director of enforcement at the Financial Reporting Council (FRC), told a committee of MPs that major auditors were failing in their duty …
