Dickc
Active member
Oh, like Jack Welch did?
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VAIL SUCKS
- Thread starter thebigo
- Start date
KustyTheKlown
Well-known member
i dont know about any impending implosions or whether you're right or wrong, but if i had a mountain of money why the fuck wouldnt i retire at 48 and chill the fuck out for the next 40 years
I'm with you on this. On paper this guy just built the hell out of a company since he took the reigns wat better time to step back. Maybe they know stuff we dont about the coming years.
That’s a worrying point. In theory they could charge for parking anywhere, not even just the premium resorts/lots.
jimmywilson69
Well-known member
you are most likely correct.
I worry about the little places like roundtop and the other "feeder hills" in their "portfolio". These were all likely very profitable privately owned places before being gobbled up by corporations. Who's going to want to buy a ski hill in south central PA when the dominos start falling...
I worry about the little places like roundtop and the other "feeder hills" in their "portfolio". These were all likely very profitable privately owned places before being gobbled up by corporations. Who's going to want to buy a ski hill in south central PA when the dominos start falling...
FBGM
Well-known member
We can only hope they crash and burn.
Also if you ski Mt Snow willingly you deserve to pay and park. Two dumb decisions are better then 1
Also if you ski Mt Snow willingly you deserve to pay and park. Two dumb decisions are better then 1
Very interesting news about Katz. Seems odd.
jimmywilson69
Well-known member
He's a millionaire. And he also sees the end is nigh as BG has stated...
I'll be 45 in 7 months if I could retire or take a reduced roll and still make a lot of money I'd do it too.
I'll be 45 in 7 months if I could retire or take a reduced roll and still make a lot of money I'd do it too.
BenedictGomez
Well-known member
BenedictGomez
Well-known member
And many others.
Run for the exists 2 to 5 years before the ugly arrives, and move onto something new while your stock (figuratively & literally) is still soaring high.
Could be both really, cashing out and enjoying an early millionaires retirement right before the shit hits the fan and the stock becomes worthless
All he needs to do is to clean out the Corporate 401K and you'd have another "Fun with Dick & Jane"
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A basic google search says Katz is worth somewhere in the neighborhood of $140M. I'd have peaced out LONG before now.
Smellytele
Well-known member
Power is addictive and hard to surrender.
drjeff
Well-known member
Or the otherside of it, somepeople just have the drive to succeed, and even when the step away, they never really fully step away, as their mentality gets bored too quick, and they then find new ventures to set their sights on.
Many a very succesful person never really fully retires as much as they just keep their toes in the water as they look to find the balance between the drive that got them their success and their desire to attempt to relax a bit (which often if encouraged by their significant other more than by themselves....)
dblskifanatic
Active member
- Joined
- May 24, 2019
- Messages
- 767
- Points
- 43
Not that odd! Just happened with the CEO of the company I work for. Not uncommon for CEO's to take on the Chairman of the Board role only since they are often both. The concept is to separate the two roles for audit purposes and to remove conflict of interest. But as COB he drives the direction of the board and how it will influence the corporation. I do not expect him to go anywhere any time soon.
BenedictGomez
Well-known member
Me too, but these people aren't wired like you or I. I've met a few dozen CEOs of publicly traded healthcare companies, all millionaires, some billionaires, and they will work until the day they die. For many it's all they care about. The term "workaholic" is a real thing. Whereas most here would prefer a day hiking, biking, swimming, or skiing, they generally seem most content when working. I think it's kind of sad frankly, but then, I'm thinking of it from my perception. I do sometimes wonder if any of them wake up one day and realize they're 65 years old & regret working 7 days a week through their youth, but then, that's how they got to a position where they have $476 million in the bank.
Smellytele
Well-known member
Some live to work - others work to live.
abc
Well-known member
Seems most here never experienced the joy of having a job they love? Even fewer have a job that is their passion?
A CEO, any CEO, would love their role. Whether that's just pure power, or the passion for the goal they're pushing for as a leader. It's totally additive! Why else would Donald Trump use his own money to run for the presidency? He loves being the president so much that he's willing to pay to do it!
I'm lucky that I LOVE my work. OK, maybe not the job itself, which comes with a whole load of other bureaucratic hassles which distract from the work I love to do. But there're part of my work I enjoy MORE THAN POWDER!!!
Sure, I'd like to get more money. And I would change job to get paid as much as I can negotiate. But no, I wouldn't change career just to make more money! It's the work itself that I enjoy. Whilst my "work" has to do with ordering computers to do works I don't want to do manually (which has its share of frustration when the computer doesn't do what it's told
). A CEO is just ordering other people around to do things he wants to do but can't do them all.
When you have a job you enjoy, you don't retire to escape from it once you made "enough" money (never mind there's never "enough money" anyway). You only retire in order to do something else. That "something else" better be something you love more than what you've been doing so far.
A CEO, any CEO, would love their role. Whether that's just pure power, or the passion for the goal they're pushing for as a leader. It's totally additive! Why else would Donald Trump use his own money to run for the presidency? He loves being the president so much that he's willing to pay to do it!
I'm lucky that I LOVE my work. OK, maybe not the job itself, which comes with a whole load of other bureaucratic hassles which distract from the work I love to do. But there're part of my work I enjoy MORE THAN POWDER!!!
Sure, I'd like to get more money. And I would change job to get paid as much as I can negotiate. But no, I wouldn't change career just to make more money! It's the work itself that I enjoy. Whilst my "work" has to do with ordering computers to do works I don't want to do manually (which has its share of frustration when the computer doesn't do what it's told
). A CEO is just ordering other people around to do things he wants to do but can't do them all. When you have a job you enjoy, you don't retire to escape from it once you made "enough" money (never mind there's never "enough money" anyway). You only retire in order to do something else. That "something else" better be something you love more than what you've been doing so far.
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When you think about it, Katz the person is worth probably 5 times what Attitash and Wildcat combined would sell for. CEO compensation is totally whacked in modern society.
I mean for sure, he deserves to be compensated VERY well for the empire he helped build, but what's better for skiers? A financial package for Rob Katz that allows him to accumulate $140M in wealth or maybe something that allowed him to accumulate a poverty $50M and Vail actually directing resources where skiers would appreciate it such as a new chair at Attitash or actually attracting the staff needed to run the place.
I see similar in the healthcare industry. I work for a publicly traded medical company with a market cap of $90B. The greedy billionaire founders care far more about the stock price than the hospitals they serve. The business gets throttled to meet quarterly projections and business gets backlogged to help the next quarter. The hospitals get screwed because products they need are withheld. This is reality with all of the major players in the business.
Pretty fd up. At least with Vail it's skiers getting screwed and not doctors and patients.
I mean for sure, he deserves to be compensated VERY well for the empire he helped build, but what's better for skiers? A financial package for Rob Katz that allows him to accumulate $140M in wealth or maybe something that allowed him to accumulate a poverty $50M and Vail actually directing resources where skiers would appreciate it such as a new chair at Attitash or actually attracting the staff needed to run the place.
I see similar in the healthcare industry. I work for a publicly traded medical company with a market cap of $90B. The greedy billionaire founders care far more about the stock price than the hospitals they serve. The business gets throttled to meet quarterly projections and business gets backlogged to help the next quarter. The hospitals get screwed because products they need are withheld. This is reality with all of the major players in the business.
Pretty fd up. At least with Vail it's skiers getting screwed and not doctors and patients.
