Harriet Green payout decision expected this week

Harriet Green payout decision expected this week

Former Thomas Cook chief executive Harriet Green is reportedly to receive a lower-than-expected payout following scrutiny of the company’s response to the deaths of two children in Corfu nine years ago.

Cook plans to announce details of a multi-million pound share award to Harriet Green early this week, according to reports.

Sky News cited sources as saying that Green would receive a payout at the lower end of a range of 4.1 million-7.1 million shares to which she is entitled under the terms of her exit from the company last year.

That award is worth between roughly £5.9 million and £10.2 million, based on Friday's closing share price of 144.2p.

Green could donate a third of her award to a carbon monoxide awareness initiative set up by Cook with backing from the parents Bobby and Christi Shepherd who died in Corfu in 2006.

A final decision on whether the initiative would be the recipient of her donation would be made after consulting with the family and Cook, a source added.

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