Payout talks continue with former Thomas Cook boss Green

Payout talks continue with former Thomas Cook boss Green

Renewed talks about a multi-million pound payout to former Thomas Cook chief executive Harriet Green are due to take place after a meeting ended without a decision on whether part of it could be withheld.

The travel company’s remuneration committee met last week to discuss a share award due to be paid at the end of the month to Green, who stepped down last year, according to Sky News.

Further discussions over the group’s remuneration policy are likely to be held this week.

The payout has been the subject of scrutiny amid anger about the company’s handling of the deaths of two children who were killed by carbon monoxide poisoning while staying at a Cook-contracted hotel in Corfu in 2006.

Under the terms of her exit package, Green is due to receive between 4.1 million and 7.1 million Cook shares in the coming weeks, which would be worth between approximately £5.7 million and £9.9 million based on Friday’s closing share price of 138.9p.

The former boss, who rescued Cook from the brink of collapse during her two-and-a-half year tenure, pledged last month to donate one-third of the award to charity.

But she came under fire from the parents of Bobby and Christi Shepherd for failing to consult them over her decision.

Green denied that she had neglected the family’s wishes.

She has previously said that while in charge of Cook, she wrote to Mr Shepherd offering a meeting but that she received no reply.

She said last month that she had reached out to the parents, adding: “My regret is that we didn’t meet [the family] before the inquest and that I didn’t handle the inquest.”

An inquest ruled that the company had breached its duty of care to its customers. Thomas Cook and a spokesman for Green both declined to comment to Sky News.


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