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Thomas Cook CEO 'told staff to ignore media noise' before its collapseND
Tom Belger, Yahoo Finance UK, Wednesday 27th September, 2019
In a memo sent to employees of Thomas Cook shortly before its collapse, CEO Peter Fankhauser urged staff to ignore the “noise” of media speculation over the fate of the collapsed company. The memo sent by the CEO told the company’s cabin crew the deal to save the company would be a “complete game changer” and it advised them to “stay calm” during the process. The leaked memo comes amid a British Parliamentary inquiry into Thomas Cook and its former leadership with Labour MP Rachael Reeves claiming its decline “uncovered what appears to be a sorry tale of corporate greed.” The travel company was forced into insolvency last week.
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