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SeaWorld Leadership Changes

Cwoolboy

Veteran Member
Sep 22, 2009
1,501
Leesberg, FL
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

Veteran Member
Aug 7, 2018
5,072
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

V.I.P.
Nov 30, 2012
4,587
Orlando
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.
 

SeventyOne

V.I.P.
Jul 1, 2010
3,054
Orlando
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.

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

V.I.P.
Nov 30, 2012
4,587
Orlando
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.

 

HandsomePete

Member
Jul 8, 2019
725
but there's now speculation that Hill Path is pushing for bankruptcy

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.
 

LintemuthStudios

Veteran Member
Nov 7, 2016
5,540
Riding Lightning Rod
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).
 

Tobias

Veteran Member
Feb 25, 2014
1,561
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

V.I.P.
Nov 30, 2012
4,587
Orlando
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.
 

WAJAS

Veteran Member
Aug 15, 2014
3,519
--Classified--
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

Legendary Member
Dec 13, 2009
13,857
Florida
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.
I heard that, the board has been brought up as a catalyst for people's departure.