SIR – At Thomas Cook’s AGM in February 2012, reference was made to the remuneration and pay-off to its former chief executive, Manny Fontenla-Novoa.
Having received salary plus benefits of around £2 million a year, it was reported that he was awarded an additional £1.17 million when he ‘resigned’ in 2011 at a time of falling sales and a falling share price.
Picking up a political slogan of ‘We’re all in this together’, I trust that members of staff who actually do the work and are under threat of redundancy, through no direct fault of their own, will receive a very generous offer from the board of directors along the same lines as that afforded to Manny.
Do I think this will happen? Of course!
D A Whitham, Thorneycroft Road, East Morton
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