CITY analysts have welcomed last week’s resignation of Thomson Travel Group chief Paul Brett. One analyst said:”Thomson has been losing market share now for 10 years. Brett has been the biggest disaster for the organisation.”
Another said:”He had to go, but the timing was a surprise. I don’t think anyone realised that Thomson had got itself into such a tizzy.”
However, Merrill Lynch vice-president Bruce Jones showed some sympathy for Brett. “His downfall was the over-reaction to the Airtours/First Choice deal and the tour operating statement. The board must take collective responsibility over mistakes made, but rightly or wrongly, Paul Brett had to carry the can.”