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Baz46
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23-09-2019, 10:53 AM
21

Re: Thomas Cook

Originally Posted by OldGreyFox ->
Isn't that usually the case Swimmy.....
Isn't it also usually the case that in these circumstances those at the top also still manage to keep their big mansions, holiday homes abroad, yachts and expensive cars! They seldom own any of these assets, their wives legally own them!

It's all one big fiddle, thieving lot of rogues that most of them are!
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susan m
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23-09-2019, 11:26 AM
22

Re: Thomas Cook

Perhaps someone can add to this . I know that if a company is a LTD Company when it goes into liquidation the directors ( owners etc) usually are protected as they are classed as employees of that company and therefore they wont loose their possessions like houses and cars etc etc . Yet those who they owe money too have to try and fight to get money from the company that is owned by companies house.

I dont know if Thomas Cook are a LTD company but I bet there are get out clauses somewhere . It will be the employees and trades that will.suffer financial loss
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23-09-2019, 12:04 PM
23

Re: Thomas Cook

The shareholders in this company were quick to take dividend payments from the company's success but as soon as the company got into difficulty they couldn't be seen for dust. And as for senior management, they acted in the same way as all senior managements in large companies, they got their wages and bonuses as soon as the writing was on the wall. Carillion acted in exactly the same way, the management made sure of their excessive bonuses before the liquidators moved in. Employees and suppliers got nothing.
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23-09-2019, 12:29 PM
24

Re: Thomas Cook

Originally Posted by Judd ->
The shareholders in this company were quick to take dividend payments from the company's success but as soon as the company got into difficulty they couldn't be seen for dust. And as for senior management, they acted in the same way as all senior managements in large companies, they got their wages and bonuses as soon as the writing was on the wall. Carillion acted in exactly the same way, the management made sure of their excessive bonuses before the liquidators moved in. Employees and suppliers got nothing.
The laws controlling bankrupcy need completely revising!
They were invented to protect the rich originally and it seems
they still do?
When ordinary people lose half their pension money to these
Scumbags something is really wrong!
I think the employers portion of pension contributions should
be payed into the same fund as the employees and managed
by an independant insurance company?

Regards Donkeyman!
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23-09-2019, 02:02 PM
25

Re: Thomas Cook

Originally Posted by Baz46 ->
Hope you get reimbursed Floydy, you should be OK with the Direct Debit Mandate guarantee I would have thought. If any deposit was paid on credit or debit cards they too should reimburse that amount.
Yes, we got it back okay today thanks, Baz.
I cancelled the direct debit and rang the bank to stop it. My SD will find another holiday we can do instead.
Gives me a bit of extra cash this month now!
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Baz46
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23-09-2019, 02:29 PM
26

Re: Thomas Cook

The above ^^^^^^

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23-09-2019, 06:27 PM
27

Re: Thomas Cook

Originally Posted by susan m ->
On the news this morning one of the travel journalists told that at around midnight last night he was able to book a £195 holiday abroad with Thomas Cook yet at 2am they declared liquidation .
The company knew yet took peoples money . The journalist used his credit card knowing he would get his money back

Surely this is fraud
Disgusting isn't it.
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23-09-2019, 06:29 PM
28

Re: Thomas Cook

Originally Posted by OldGreyFox ->
Isn't this just the way the world is going these days with these massive companies getting into difficulties. Too many chiefs and not enough indians.....and trying to compete with the internet, and in a global market...
Companies get far too greedy imo. They buy up all the little companies giving the public less and less choice, then they go bust.
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23-09-2019, 10:36 PM
29

Re: Thomas Cook

Originally Posted by OldGreyFox ->
Isn't this just the way the world is going these days with these massive companies getting into difficulties. Too many chiefs and not enough indians.....and trying to compete with the internet, and in a global market...
This is a holiday company. But what if this happens to a healthcare company or major medicines supplier? What if a power supplier goes bust? This is the risk we have to deal with if things continue this way. The whole infrastructure of our country relies on these companies staying solvent.
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24-09-2019, 08:00 AM
30

Re: Thomas Cook

George Galloway said today that it will cost the government more to bail out and support the resulting unemployed personnel than it would have been to help save the company.

The directors' and major shareholders' bonuses, pensions and the majority of their personnel assets should be taken off them to settle the emoyees debts, pensions and redundancy packages.
There will be a bloody long investigation first though by which time those poor people's lives who lost their jobs could be irrepairably damaged.

The sranded holidaymakers will be back home within two weeks. The Thomas Cook employees have lost their income.
 
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