Seaworld is offering to pay their executive officers 7M over the course of 2 years if they stay till 2022. This after they furlough 90 % of their workers and cut their health benefits. Nice priorities, guys. Seaworld needs to burn.
I really think people are misunderstanding this. They are stock options, not cash for the execs. They ONLY get them if they stay with the company for the next two years, so they have a vested interest in making the company successful. This is to offset the pay reductions they are currently taking. It sucks they furloughed their workforce, but with no income coming in and the high overhead of keeping thousands of animals something had to be done.Seaworld is offering to pay their executive officers 7M over the course of 2 years if they stay till 2022. This after they furlough 90 % of their workers and cut their health benefits. Nice priorities, guys. Seaworld needs to burn.
I really think people are misunderstanding this. They are stock options, not cash for the execs. They ONLY get them if they stay with the company for the next two years, so they have a vested interest in making the company successful. This is to offset the pay reductions they are currently taking. It sucks they furloughed their workforce, but with no income coming in and the high overhead of keeping thousands of animals something had to be done.
It's not like they fired everyone just to give bonuses. This is the promise of a future repayment and incentive to stay and make the company a success again when they come out of this.
but there's now speculation that Hill Path is pushing for bankruptcy
I'll do it.
I've been incubating a Sesame Street at Sea dark ride idea for a few months anyway...
There's a lot of crap going on behind the scenes I betWell that didn't last long...
SeaWorld COO Tom Iven Resigns After About 40 Days
By Dave Sebastian SeaWorld Entertainment Inc. said Tom Iven, its chief operating officer of about 40 days, is resigning for personal reasons, effective...www.marketwatch.com
I heard that, the board has been brought up as a catalyst for people's departure.Wasn't he the guy pushing for another round of layoffs and cutbacks in capital expenditures? I think this was a good move on the board's part because I assume he was allowed to resign.
The Company that plays musical chairs...again and again and again.....Lack of stability signals a troubled company.....Seems like forever since the Busch family ran the parks so well.Bunch of moves and changes within the upper management announced: SeaWorld Entertainment, Inc. Announces Eight Leadership Promotions and Organizational Changes to Accelerate Business Transformation, Performance and Growth
So now there will be someone at the corporate level overseeing all Florida parks, and someone overseeing all other parks.
The CFO has now been named "Chief Transformation Officer" with the mission to look for ways to streamline operations and a new CFO has been appointed. SWO, Aquatica Orlando/Discovery Cove, and SeaWorld San Antonio all have new park presidents with their former presidents taking on the new corporate Florida/Non-Florida oversight positions.