Holiday pay

I don’t understand the need to incentivise the pay package of Thomas Cook chief Peter Fankhauser. Many shareholders were uneasy about a plan that could see him earn a bonus of 165 per cent of his basic salary. I say basic, but that’s probably the last thing you can say about a wage packet of £703,000 per annum. Most of us are employed in the hope/ assumption that we will do as good a job as we can and for that we receive a basic salary. But under this scheme if Mr Fankhauser does his job better his salary will soar higher than one of the Peterboroughbased company’s jets. Perhaps as well as running the company he’s going to start flying planes, making welcome speeches on the coach transfer to the hotel andserving pina coladas with a smile?