Monday, 23 September 2019
Wish you were here
Thomas Cook has gone into liquidation after 178 years of providing affordable holidays for ordinary people. About 150,000 people are stranded and the British government are paying millions of pounds to pay their hotel bills and have them flown home.
The Labour Party are currently fighting each other at their AGM, the hard left versus Blairites. They still cannot collectively decide if they are for or against Brexit, so nobody knows who to vote for any more.
Some of the more rabid members have put forward a resolution to nationalise all public schools in the unlikely event they ever come to power. They are, of course, aiming at Eton and the Conservatives, but if they ever got their way and turned the education system of Britain into something resembling the Soviet model it would be the legalised theft of property as Robert Mugabe encouraged. The last time that property was actual theft in this country was the Dark Ages. Having said that, Bath Rugby seem to be getting away with stealing the Recreation Ground here.
Thomas Cook was at one time nationalised, now it is/was the biggest tour operator in the world. The current CEO payed himself £8 million over three years and the rest of the board £30 million over the same period. I thought that executives were supposed to be paid by results (actually I didn't). It doesn't matter to them if Thomas Cook is a private company now, the British people are paying the final bills anyway.
Thomas Cook (the man himself) lived in Bath, in a nice house in the Sion Hill area, paid for by his successful business. He gave working class people their first ever opportunity to have a proper family holiday which they could afford.
I know that things have changed - and are changing - all over the world, but it only takes a relatively small amount of people to destroy what others built over hundreds of years. Labour are still obsessing over class as everything collapses around them.
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If the German MD had found it within himself to apologise to the family of the two children who died of carbon monoxide poisoning in a Thomas Cook apartment people might sympathize. As it is it was their Gerald Ratner moment and it has been downhill all the way where people started boycotting the company. It had been downhill a lot before that when the company got into the hands of HSBC and then offloaded to German ownership.
ReplyDeleteI don't remember that but the rest is typical of modern standards.
DeletePersonally I think that incident was very significant to the end of Thomas Cook.
DeleteWoolworth's, BHS, Freeman Hardy Willis, Dixon's, MacFisheries, C&A, and now Thomas Cook. Is there anything left?
ReplyDeleteThe NHS?
DeleteGive it time.
DeleteHorrible on line shopping?
ReplyDeleteI tried to buy a simple gel-pen in Bath yesterday, and no shop sold them. WH Smith even doesn't. I will have to buy one online.
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ReplyDelete(((((O)))))
DeleteIt was mainly online booking of holidays that did for Cook's. They never kept up with the trend and even bought all the Co-Ops travel agency shops at a time when customers were deserting them for the internet.
ReplyDeleteInteresting too that the government (us taxpayers) is chartering about 50 planes from all over the world to bring the punters home, when Cook's fleet is standing idle at British airports. Something to do with solvency laws, which the government agreed to remedy until they became bogged down in the hysterical Brexit debates.
Talk about fiddling while Rome burns.
Keeping up with the times means deliberately buying failing companies to some predatory asset-strippers. Online booking is the closest thing to long-term at the moment.
DeleteMillions are owed to hotels around the world.
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