Micro-Managing Board Behind Exec Revolving Door

[GrandpaD]

High executive turnover and a hands-on board spell troubled waters at SeaWorld Orlando

A former SeaWorld exec just joined the company that was at one time rumored to be buying SeaWorld. When Joel Manby abruptly resigned from his CEO...

www.orlandoweekly.com

 

[warfelg]

I mean....I feel like as an outsider looking in this was known.

 

[Jonesta6]

So if the potential merger were to happen what would the net effect be besides either a more complicated ticket/pass price structure for the additional parks or potentially an infusion of cash?

 

[Gavin]

Something to keep in mind: per the agreement SEAS made with ABIB; if SEAS is bought out by a competitor, they would lose the Busch Gardens branding. This also holds true if either park is sold off. Whether or not they could get a new licensing deal would totally be on ABIB.

 

[Jonesta6]

Something to keep in mind: per the agreement SEAS made with ABIB; if SEAS is bought out by a competitor, they would lose the Busch Gardens branding. This also holds true if either park is sold off. Whether or not they could get a new licensing deal would totally be on ABIB.

Not that I'm actually doubting per se, but is there direct proof that's an actual agreement with the beer company and/or could there have been a time limit written in somewhere that requires a regular renewal anyways?

 

[tursiops]

If ABInbev gets money from it without doing anything for it they would sign an agreement.

 

[Jonesta6]

If ABInbev gets money from it without doing anything for it they would sign an agreement.

That'd be dependent on being able to ink a new deal, otherwise they'd potentially be losing a small revenue stream (small in terms of the billions of dollars InBev has).

Back to the board issue, curious if this is something they'd let a CEO and their team handle or it'd be yet another micromanaged item.

 

[ManitobaMoose]

Being new to this board, has this been a problem at BGW? I would assume BGW and BGT are healthy parks, and the higher churn is at under performing parks?