Thomas Cook bosses clearly had their heads buried in the sand | Nils Pratley

Testimony to MPs demonstrates a spectacular level of delusion in
the boardroom

Two hours of testimony from the failed bosses of Thomas
Cook
confirmed what we had suspected: the level of delusion in
the boardroom was spectacular.

On one hand, the former directors
argued to MPs
that their self-help plan for the business was a
rip-roaring success, right up until the moment it wasn’t. In the
next breath, they suggested their jobs were always near-impossible
because £150m in interest costs had to be paid every year to banks
and bondholders.

Source: FS – All-News2-Economy
Thomas Cook bosses clearly had their heads buried in the sand | Nils Pratley