Thomas Cook loses its 'moral compass'

Tour operator Thomas Cook triggered outrage with its response to the deaths of two children on one of its holidays in 2006.

Tour operator Thomas Cook triggered outrage this week with its response to the deaths of two children on one of its holidays in 2006. Bobby and Christi Shepherd, aged 6 and 7, died of carbon monoxide poisoning in Corfu. The cause was a faulty boiler in their hotel room. Thomas Cook did not own the hotel, but an inquest that ended this week found that the group had not done enough to ensure the property had carried out proper safety checks.

During the inquest, chief executive Peter Fankhauser said he sympathised, but that Cook had "no need to apologise" as it hadn't done anything wrong. It also emerged that the company had received £3.5m in compensation from the hotel owner, around ten times the sum the family had received.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.