The once great travel company, Thomas Cook is no longer. It has shut down overnight, stranding hundreds of thousands of travellers, with the loss of 20,000 jobs. Thomas Cook used to be as safe as the Bank of England, its travellers cheques a useful haven for storing funds. What has happened is unbelievable.
What went wrong? Clearly, a lot went wrong and no doubt we'll get to hear about it in time. When management stuff up, they can so spectacularly and I'm pretty sure this is one of those times. Was all this avoidable? Probably, the banks like to make an example of someone at times and this could be a case in point.
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