Simon English: Ailing Thomas Cook goes green as it decides not to play the Long game
Friday 25 May 2012
Related articles
Outlook Peter Long probably doesn't openly plot for the demise of Thomas Cook. On the other hand, he may feel that his intervention is hardly proving necessary. The boss of Tui Travel, Cook's far-better-placed arch-rival, is a grizzled industry veteran who has seen it all before twice.
Recession? Re-schmession. People always want a holiday, he reasons, you just have to get the pitch right...
Which makes the appointment of industry newbie Harriet Green to be the next chief executive of Thomas Cook all the more intriguing.
Almost as if the board were saying that there's plainly no point going head to head with Mr Long, might as well try something completely different...
Ms Green is the anti-Long. She has a Cameron-like devotion to downtime, to "life balance". (You what? It is possible to hear Mr Long barracking.)
A medieval history graduate, Ms Green insists on doing yoga for one hour a day.
She says: "Whatever is your challenge in yoga is your challenge in life." (You what?)
The details of Ms Green's pay and incentive package will be of considerable interest, a sign of whether the supposed backlash from investors against outrageous rewards is meaningful or a passing fad.
Her predecessor Manny Fontenla-Novoa was pretty much a poster boy for how it shouldn't be done (he got many millions for driving the business off a cliff).
Cook's chairman insists he will only pay well if Ms Green does well, though the rest of us won't be told how stretching her targets are until the annual report appears next December.
Hopefully long-suffering investors will be expecting guidance on Ms Green's deal well before then, and indicating willingness to make a fuss if they don't like what they hear.
Thomas Cook's demise would plainly be awful news, not least for the 30,000 it employs, so even Mr Long might wish his new rival well.
Ms Green's track record is mostly good and she's regarded as an internet-savvy operator.
The thing is, it's not as though Tui hasn't already twigged that Twitter can be helpful. She'll need more than that. And some luck.
-
In pictures: Saturn images from Cassini probe as it prepares to turn lens towards Earth
-
Serena Williams apologises after comment that rape victim 'shouldn't have put herself in that position'
-
New banker bonus boom: Payouts leapt 64% to new record when Chancellor George Osborne cut top-rate tax to 45p in April
-
'There's something quite unpleasant going on': Nigel Farage confronted for second time on visit to Scotland ahead of Donside by-election
-
World news in pictures
- 1 Breaking the Silence: In the reality of occupation, there are no Palestinian civilians – only potential terrorists
- 2 Newcastle owner Mike Ashley wants blood after last season's trauma - and it won't stop with managing director Derek Llambias
- 3 Richard Nieuwenhuizen death: Six teenagers and 50-year-old father convicted of manslaughter in shocking case of referee killed over a game of football
- 4 Exclusive: Newcastle United's star talent-spotter Graham Carr on brink as Joe Kinnear sparks walkout at St James' Park
- 5 Vast methane 'plumes' seen in Arctic ocean as sea ice retreats
How will you make today delicious?
Tell us how you plan to make today delicious and you could win a £50 M&S gift card.
Win a Nook® Simple Touch eReader
Find out how Nook® is supporting the Evening Standard's Get Reading campaign - and your chance to win one.
Free reading festival for families
Follow The Standard's campaign to get London's children reading - and experience this unique event at Trafalgar Square on 13 July.
Enter the latest Independent competitions
Win anything from gadgets to five-star holidays on our competitions and offers page.
Business videos from commercial thought leaders
Watch the best in the business world give their insights into the world of business.
iJobs Money & Business
Trusts Manager - Gloucestershire
Excellent Salary: Austen Lloyd: We have a very exciting opportunity with a maj...
FX Options Front Office Java / C# Developer
£500 - £600 per day: Orgtel: FX Options Front Office Java / C# Developer - Ba...
Project Manager - Front Office - Regulatory IT
£600 - £700 per day: Orgtel: Project Manager - Front Office - Regulatory IT C...
FATCA Project Manager
£600 - £750 per day: Orgtel: FATCA Project Manager - Banking - London - £600-...
Day In a Page
Babies behind bars
Sonic youth: The high-pitched sound alarm
The art of living in small spaces
'Teaching bright children isn't rocket science'
Can technology lure us back to the high street?



Comments