Accor SA's chairman and five other directors quit in an apparent tiff over some shareholders' plan to combine the chairman role wtih that of CEO Gilles Pelisson, according to a story today from Bloomberg. I'm not too familiar with the makeup of the French company, but this is an interesting read.
I met Pelisson, now the chairman and CEO, in San Diego at ALIS, but I was unaware he was the nephew of the founder of the company. Apparently a prelude to this current clash happened in 2006 when Gerard Pelisson wanted to install Gilles as the sole head of the company.
No idea what this means to Accor NA, Motel 6 and Studio 6. I doubt much in the near-term, though.