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SeaWorld Entertainment Corporate News (Old Leadership Thread)

  • Thread starter Thread starter Brian G.
  • Start date Start date Jan 4, 2017
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Cwoolboy

Cwoolboy

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  • Apr 16, 2020
  • #281
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.
 
Cup_Of_Coffee

Cup_Of_Coffee

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  • Apr 16, 2020
  • #282
Ive never supported this company and their treatment of animals so I feel for the workers who are laid off/furloughed but I pray Universal or another major company comes in and sweeps them out. They sound beyond scummy and while the coasters look cool I'm glad I've never bothered spending money at a Seaworld park. Again I feel for the workers but if anything is gonna go because of all this, may as well be Seaworld Imo
 
GAcoaster

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  • Apr 16, 2020
  • #283
Cwoolboy said:
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.
Click to expand...
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.
 
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SeventyOne

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  • Apr 16, 2020
  • #284
GAcoaster said:
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.
Click to expand...


I get it. It's still horrible optics.
 
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GAcoaster

GAcoaster

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  • Jun 24, 2020
  • #285
I didn't want to start a new thread for this yet, but there's now speculation that Hill Path, SeaWorld's majority shareholder, is pushing for bankruptcy. They're also speculating the parks trying to shed their collections of animals to make them more attractive to buyers.

www.orlandoweekly.com

SeaWorld's largest shareholder may be pushing the company into bankruptcy

Updated June 28 | This post has been updated with new information. A note is at the bottom. A tidal wave of lien filings over...
www.orlandoweekly.com www.orlandoweekly.com
 
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HandsomePete

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  • Jun 24, 2020
  • #286
GAcoaster said:
but there's now speculation that Hill Path is pushing for bankruptcy
Click to expand...


Scott Ross :lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol::lol:

Sorry, now that that's out of the way... it would be a travesty if they fire sale the animals. They've never been short on places they could sell them but a lot of them might end up in places where they don't get the quality of care they would receive at SW or a top US zoo.
 
Magic-Man

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  • Jun 27, 2020
  • #287
Didn't want to make new thread for this and couldn't find a more appropriate one, but if Seaworld somehow does go under, then I could see Aquatica being picked up almost immediately. Maybe even by Universal. It's a good value purchase, with a great location and almost no connection to the animal controversy. You wouldn't even need to add much to it, SWE has added 4 different major attractions to Aquatica in the last 6 years (Ihu's Breakaway Falls, Ray Rush, KareKare Kurl, Riptide Race).
 
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  • Jun 28, 2021
  • #288
In recent news, SW has fired their Chief Operating Officer and replaced him with Tom Iven who comes from Six Flags.



I'm curious, is COO the kind of person who can tell the parks to open rides up? Particularly ones that are just standing there?
 
GAcoaster

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  • Jun 28, 2021
  • #289
It was interesting to see in the press release that they were emphasizing Tom Iven's experience with acquisition of other parks while at Six Flags. I know they keep mentioning they want to acquire additional parks and create more Sesame Places.

Also, interesting to see this was an immediate termination, but there was a replacement in place. This was planned by someone, but I guess the old COO was blindsided.
 
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TheGentTrent

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  • Aug 18, 2021
  • #290
Well that didn't last long...

www.marketwatch.com

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 www.marketwatch.com
 
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Mad Dog

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  • Aug 18, 2021
  • #291
New Sea World attraction..."Musical Chairs, The Ride". :jawdrop:
 
Last edited: Aug 18, 2021
Legacy

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  • Aug 18, 2021
  • #292
My hand’s still raised.
Legacy said:
I'll do it.

I've been incubating a Sesame Street at Sea dark ride idea for a few months anyway...
Click to expand...
 
shiekra38

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  • Aug 18, 2021
  • #293
TheGentTrent said:
Well that didn't last long...

www.marketwatch.com

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 www.marketwatch.com
Click to expand...
There's a lot of crap going on behind the scenes I bet
 
WAJAS

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  • Aug 19, 2021
  • #294
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.
 
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shiekra38

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  • Aug 19, 2021
  • #295
WAJAS said:
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.
Click to expand...
I heard that, the board has been brought up as a catalyst for people's departure.
 
GAcoaster

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  • Jan 27, 2023
  • #296
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.
 
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Mad Dog

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  • Jan 27, 2023
  • #297
GAcoaster said:
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.
Click to expand...
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.
 
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GAcoaster

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  • Jan 27, 2023
  • #298
I'm trying to be positive and say they're "finding their footing".

Their stock is doing well, so that's something. I'm guessing that Cedar Fair shareholders may be a bit upset they turned down the $70 a share SW offered since their stock is down in the low $40's. I wouldn't be surprised to see them make another bid or buy other parks out there...
 
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GAcoaster

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  • May 9, 2023
  • #299
SeaWorld Parks had a strong Q1 report today:
finance.yahoo.com

SeaWorld Entertainment, Inc. Reports First Quarter 2023 Results

SeaWorld Entertainment, Inc. (NYSE: SEAS), a leading theme park and entertainment company, today reported its financial results for the first quarter of 2023.
finance.yahoo.com finance.yahoo.com

Looking forward to conference call info to see if we learn more about the proposed hotels...

(Perhaps a Mod could change the title of this thread to something more generic like SeaWorld Parks Corporate News?)
 
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Jerroddragon

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  • May 9, 2023
  • #300
This must be part of the reason why San Diego Park is getting so much love this year
 
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