The public was outraged when last May a British inquest found that Thomas Cook has breached its duty of care but Mr Fankhauser initially refused to say sorry for the tour operator’s conduct.
It was only as calls for a boycott of the company grew that the Thomas Cook boss eventually apologised. The firm also made what it described as a “financial gesture of goodwill” to the parents, and gave its backing to a carbon monoxide charity.
Mr Fankhauser received £585,000 in salary, £30,000 in benefits, a £605,000 bonus, and £175,000 in pension contributions. He also received shares worth almost £2.9m as part of a three-year performance plan. Mr Fankhauser has not cashed in the majority of the stock, aside from selling some shares to cover his tax obligations.