NEW YORK: British Prime Minister Boris Johnson on Monday questioned whether the directors of companies such as collapsed travel company Thomas Cook were properly incentivised to avoid bankruptcy., stranding hundreds of thousands of holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
"We need to look at ways in which tour operators one way or another can protect themselves from such bankruptcies in future and clearly the systems that we have in place to make sure don’t, in the end, come to the taxpayer for help," he told reporters on the plane to the UN General Assembly in New York.
"One is driven to reflect on whether the directors of these companies are properly incentivised to sort such matters out.""It is a very difficult situation and obviously our thoughts are very much with the customers of Thomas Cook, the holiday makers who may now face difficulties getting home we will do our level best to get them home," he said.
"One way or the other the state will have to step in quite rightly to help stranded holidaymakers," the prime minister said.
Source: News Formal (newsformal.com)
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