Thomas Cook Group

Former CEOs appear before Business Committee Thomas Cook inquiry

Retrieved on: 
Saturday, October 19, 2019

Next week, the Business, Energy and IndustrialStrategy (BEIS) Committee continues its inquiry into Thomas Cook with two evidence sessions.

Key Points: 
  • Next week, the Business, Energy and IndustrialStrategy (BEIS) Committee continues its inquiry into Thomas Cook with two evidence sessions.
  • The Committee has also today published written evidence received from the Institute of Directors, the British Airline Pilots Association (BALPA) and Pensions & Investment Research Consultants Ltd (PIRC).
  • Former Thomas Cook CFO Bill Scott will appear on the same panel as former CEOs Harriet Green and MannyFontenla-Novoa.
  • The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.

Former CEOs appear before Business Committee Thomas Cook inquiry

Retrieved on: 
Saturday, October 19, 2019

Next week, the Business, Energy and IndustrialStrategy (BEIS) Committee continues its inquiry into Thomas Cook with two evidence sessions.

Key Points: 
  • Next week, the Business, Energy and IndustrialStrategy (BEIS) Committee continues its inquiry into Thomas Cook with two evidence sessions.
  • The Committee has also today published written evidence received from the Institute of Directors, the British Airline Pilots Association (BALPA) and Pensions & Investment Research Consultants Ltd (PIRC).
  • Former Thomas Cook CFO Bill Scott will appear on the same panel as former CEOs Harriet Green and MannyFontenla-Novoa.
  • The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.

BEIS Committee begins Thomas Cook inquiry

Retrieved on: 
Friday, October 11, 2019

The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.

Key Points: 
  • The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.
  • Tuesday mornings evidence hearing is expected to focus on questions around Thomas Cooks rescue plan, corporate governance and the role of the Thomas Cook board, the debt taken on by the company, accounting practices, and the setting of CEO pay.
  • In future weeks, the Committee will question Thomas Cook auditors PwC and EY (on Tuesday 22nd October), the Financial Reporting Council and Insolvency Service, former Thomas Cook CFO Bill Scott, and former CEOs Harriet Green and Manny Fontenla-Novoa (dates tbc).
  • The Committee will also hear from witnesses including Manuel Cortes, General Secretary, TSSA.

BEIS Committee begins Thomas Cook inquiry

Retrieved on: 
Friday, October 11, 2019

The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.

Key Points: 
  • The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.
  • Tuesday mornings evidence hearing is expected to focus on questions around Thomas Cooks rescue plan, corporate governance and the role of the Thomas Cook board, the debt taken on by the company, accounting practices, and the setting of CEO pay.
  • In future weeks, the Committee will question Thomas Cook auditors PwC and EY (on Tuesday 22nd October), the Financial Reporting Council and Insolvency Service, former Thomas Cook CFO Bill Scott, and former CEOs Harriet Green and Manny Fontenla-Novoa (dates tbc).
  • The Committee will also hear from witnesses including Manuel Cortes, General Secretary, TSSA.

BEIS Committee begins Thomas Cook inquiry

Retrieved on: 
Friday, October 11, 2019

The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.

Key Points: 
  • The BEIS Committees inquiry is focussing on issues around the stewardship of the company, executive remuneration, accounting practices and the role of auditors.
  • Tuesday mornings evidence hearing is expected to focus on questions around Thomas Cooks rescue plan, corporate governance and the role of the Thomas Cook board, the debt taken on by the company, accounting practices, and the setting of CEO pay.
  • In future weeks, the Committee will question Thomas Cook auditors PwC and EY (on Tuesday 22nd October), the Financial Reporting Council and Insolvency Service, former Thomas Cook CFO Bill Scott, and former CEOs Harriet Green and Manny Fontenla-Novoa (dates tbc).
  • The Committee will also hear from witnesses including Manuel Cortes, General Secretary, TSSA.

MyChargeBack Warns: Don't Be Scammed in the Wake of Thomas Cook's Collapse

Retrieved on: 
Friday, October 4, 2019

The customer need only provide their credit card information, including the security code, and the refund will be credited to them.

Key Points: 
  • The customer need only provide their credit card information, including the security code, and the refund will be credited to them.
  • "Given that an estimated 600,000 people were affected by Thomas Cook's collapse, the potential losses from these sorts of scams are beyond measure."
  • In fact, Thomas Cook customers may be able to recover their money on their own.
  • Founded in 2016, MyChargeBack is owned and operated by Cactil LLC, a Delaware corporation.

Statement on Thomas Cook

Retrieved on: 
Thursday, September 26, 2019

The Secretary of State for Transport, Grant Shapps, has updated the House of Commons on the steps the Government is taking to support those affected by the collapse of Thomas Cook.

Key Points: 
  • The Secretary of State for Transport, Grant Shapps, has updated the House of Commons on the steps the Government is taking to support those affected by the collapse of Thomas Cook.
  • Thomas Cook Group ceased trading on 23 September leaving thousands of holiday makers left abroad and requiring repatriation.
  • Thomas Cook had five offers for its airline business yet these were rejected by the Board."
  • Transcripts of proceedings in the House of Commons Chamber are available in Hansard online three hours after they happen.

Statement on Thomas Cook

Retrieved on: 
Thursday, September 26, 2019

The Secretary of State for Transport, Grant Shapps, has updated the House of Commons on the steps the Government is taking to support those affected by the collapse of Thomas Cook.

Key Points: 
  • The Secretary of State for Transport, Grant Shapps, has updated the House of Commons on the steps the Government is taking to support those affected by the collapse of Thomas Cook.
  • Thomas Cook Group ceased trading on 23 September leaving thousands of holiday makers left abroad and requiring repatriation.
  • Thomas Cook had five offers for its airline business yet these were rejected by the Board."
  • Transcripts of proceedings in the House of Commons Chamber are available in Hansard online three hours after they happen.

Chair comments on Thomas Cook collapse

Retrieved on: 
Wednesday, September 25, 2019

Rachel Reeves MP, Chair of the Business, Energy and IndustrialStrategy Committeehas today commented on the collapse of Thomas Cook:

Key Points: 
  • Rachel Reeves MP, Chair of the Business, Energy and IndustrialStrategy Committeehas today commented on the collapse of Thomas Cook:
    "The public will be rightly appalled that as Thomas Cook mounted up debt and as the company headed for trouble, company bosses were happily pocketing hefty pay-packages.
  • Now, in the aftermath of the company's collapse, as frustrated travellers are stuck abroad, when holidays are being cancelled and thousands of staff are losing their jobs, there are serious questions to answer, including about the company's accounting practices, its renumeration policy and practice, and about the stewardship of the company.

Chair comments on Thomas Cook collapse

Retrieved on: 
Wednesday, September 25, 2019

Rachel Reeves MP, Chair of the Business, Energy and IndustrialStrategy Committeehas today commented on the collapse of Thomas Cook:

Key Points: 
  • Rachel Reeves MP, Chair of the Business, Energy and IndustrialStrategy Committeehas today commented on the collapse of Thomas Cook:
    "The public will be rightly appalled that as Thomas Cook mounted up debt and as the company headed for trouble, company bosses were happily pocketing hefty pay-packages.
  • Now, in the aftermath of the company's collapse, as frustrated travellers are stuck abroad, when holidays are being cancelled and thousands of staff are losing their jobs, there are serious questions to answer, including about the company's accounting practices, its renumeration policy and practice, and about the stewardship of the company.