Mytravel CEO Resigns
Join Date: Feb 2001
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From press release
The Board of the MyTravel Group plc announces with regret that Tim Byrne, Group CEO, is leaving the company by mutual consent with immediate effect.
David Crossland will continue as Chairman, postponing his planned retirement in November for up to 12 months. David Jardine, Group Finance Director, Philip Jansen, CEO Europe and Peter McHugh, CEO North America, will report directly to
David Crossland until Tim's replacement is appointed. Eric Sanderson remains non-executive Chairman designate.
The Board of the MyTravel Group plc announces with regret that Tim Byrne, Group CEO, is leaving the company by mutual consent with immediate effect.
David Crossland will continue as Chairman, postponing his planned retirement in November for up to 12 months. David Jardine, Group Finance Director, Philip Jansen, CEO Europe and Peter McHugh, CEO North America, will report directly to
David Crossland until Tim's replacement is appointed. Eric Sanderson remains non-executive Chairman designate.
Join Date: Dec 2001
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Whilst the press statement attempts to put something of a neutral spin on to it, it's more likely that he chose to fall on his sword in advance of being pushed onto it ! ..... and of course one wonders how much of a golden "**** off" he got ?!
Join Date: Oct 1999
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His basic was £450,000. Last year with bonuses he picked up nearly £1m, and is apparently on a two year contract.
I don't suspect he will have too much to worry about do you?
Nice work if you can get it!
I don't suspect he will have too much to worry about do you?
Nice work if you can get it!
Target for First Choice?
Join Date: Nov 2001
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Telegraph pundits reckon that if First Choice are interested they may be waiting for worse figures from Mytravel with their Dec accounts. Maybe the Air 2 bob guys are now not quite so resentful of thier MD's salary and management.
DIRECTOR
Join Date: Jan 2001
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It was not that long ago that David Crossland was the darling of the Stock Market and could do no wrong,but he seems to have lost the plot totally what with the disastrous foray into Germany and what with changing name from Airtours to My Travel,it beggars belief.
Join Date: Oct 1999
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Dear Clio Toros,
How lovely it is to here your balanced views again. I really don't think the AMM pilots are resentful of PL's remuneration package, I think that we feel he does a good job.
As for the airline's MD, now that is a different question, I can see Tim Byrne all over again. It will probably take another few years until it is really on its uppers, then she'll be off with her massive payout, and we'll be left with more mess to clear up than post Baron.
Happy Days
brgds
CRS
How lovely it is to here your balanced views again. I really don't think the AMM pilots are resentful of PL's remuneration package, I think that we feel he does a good job.
As for the airline's MD, now that is a different question, I can see Tim Byrne all over again. It will probably take another few years until it is really on its uppers, then she'll be off with her massive payout, and we'll be left with more mess to clear up than post Baron.
Happy Days
brgds
CRS
Join Date: Oct 1999
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Dear EPR,
Dermot Blastland (he's welcome to her strings) - has been given a free reign to f**k up the airline by Mr Long. I still feel that PL is pretty clever at what he does. Our contracts, manning levels and moral are of no consequence to his big picture.
see ya
CRS
Dermot Blastland (he's welcome to her strings) - has been given a free reign to f**k up the airline by Mr Long. I still feel that PL is pretty clever at what he does. Our contracts, manning levels and moral are of no consequence to his big picture.
see ya
CRS
Join Date: Mar 2000
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How about the scenario in which PL is 'headhunted' by DC to sort out his ailing empire thus putting PL in charge of the outfit which he has seen off twice. What a supreme irony that would be!
Cheers,
mcdhu
Cheers,
mcdhu
