His first day on the job as the new chairman of Club Med, Philippe Bourguignon took off for Djerba, Tunisia as part of a three-month jaunt around the world. Vacation it wasn't. Bourguignon wanted to see Firsthand what was ailing the Paris-based leisure group, Club Mediterranee S.A. He got quite an eyeful. At the resort in Djerba he spotted flaking paint and weather-beaten signs. "Facilities need a face-lift," he wrote in his blue notebook. In Cancun, Mexico he saw roofs falling apart; the rooms were dark and dank. "Face-lift isn't enough," he recorded. "Needs complete renovation."
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