The World Travel Awards reveal the leaders in the travel industry. This year’s winners actually represent the leading companies that are taking the industry through one of the most difficult times economically in history. Travel looks to lead the world out of recession, and Eastern Europe is significant among this year’s award winners.
Europe travel
TUI Travel Value Tumbles
TUI Travel accepts CFO resignation amid almost scandalous restating of financials. CEO Peter Long and CFO Paul Bowtell talk, after which Bowtell announces his resignation. A restated financial report reveals a fairly vast accounting error – stocks decline on the news.
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