Spain: peers drive head of employers’ confederation to quit

Disputed management. Mr. Diaz Ferrán hoped to stay in position until the end of his term in 2013.  But it had become impossible to defend. He was increasingly openly questioned within the confederation, for problems having to do with the economic group he leads that led to the gradual liquidation over the first half of the year of firms in Grupo Marsans, the conglomerate of tourism businesses he founded.  Things went even faster after Viajes Marsans, emblematic Spanish travel agency, went bankrupt in June.  The setbacks of Mr. Diaz Ferrán’s group were the subject of newspapers’ headlines for months, talking about series of irregularities, unpaid wages, pending bills, or clients left on the other side of the world during Christmas break 2009 after they had the bad taste of buying a plane ticket from Air Comet, the company where he was the CEO.
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faster after Viajes Marsans, emblematic Spanish travel agency, went bankrupt in June. The setbacks of Mr. Diaz Ferrán’s group were the subject of newspapers’ headlines for months, talking about series of irregularities, unpaid wages, pending bills, or clients left on the other side of the world during Christmas break 2009 after they had the bad taste of buying a plane ticket from Air Comet, the company where he was the CEO.

Repercussions on the CEOE’s image. Was Mr. Diaz Ferrán the best to calm

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