Taking the cure – Thomas Cook Group GC Craig Stoehr on turning around the travel company's fortunes
Thomas Cook Group's chief executive, Harriet Green, has a succinct way of explaining the company's recent history, according to general counsel Craig Stoehr. "I have heard her say several times that the company was a cancer patient, underwent treatment and remission, and is currently transitioning to the 'cured' stage," he says, reflecting on the travel operator's remarkable turnaround. For an indication of the recent decline and recovery at Thomas Cook, a three-year graph of the company's stock price is a good place to start. At the beginning of 2011, shareholders revolted at a proposed pay package for the company's top executives after poor trading and a greater than expected financial hit from the 2010 Icelandic ash cloud had dented performance. At this point, shares were still trading at just below 200p.
Less than a year into his new role, Thomas Cook Group general counsel Craig Stoehr talks to Alex Newman about the travel company’s financial rescue, the three things that make a great lawyer and Icelandic ash clouds
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