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Showing content with the highest reputation on 08/04/22 in all areas

  1. Well I think the incentive is to create grown in the business value, and then sell it to reap the cash reward. Now growth in value, and growth in the 'quality of theme park experience' are not necessarily the same thing, so I think it very much depends on the CEO's not financial goals as to what the incentive means to them, and by extension, the future of the park. If you have a CEO in there that's all about pocketing as much cash as possible and then spring boarding onto the next well appointed corporate gig, it's going to be grow value as fast is possible. But if you have a CEO that's actually pretty happy with the position they have, want to stay in it long term for the lifestyle and personal interest aspects that come with it (ie likes theme parks, wants to live on the Gold Coast, etc) we're more likely to see long term material improvement in the offering from the Theme Park. I can't speak to, and won't speculate the personal motivations of the current CEO, but I think the above factors will very much determine how we see thee companies new found cash is spent.
    2 points
  2. I still get PTSD from Speedy's Taxis... nearly 10 years later haha. As far as the Zamperla catalogue of kids rides goes (Sam Train, Tweety, Taz Cars and Marvin) They opened in 1997 when the name was changed from Looney Tunes Land to Looney Tunes Village. The Carousel and Pounce and Bounce were added in 2007 when it was changed to Kids WB. Tweety had it's name changed from "Sylvester and Tweety Carousel" to "Sylvester and Tweety Cages" in 2009. This was done to ease confusion between this and the Carousel ride. The name on the control panel for Tweety reflects this.
    2 points
  3. Well just rode it today. First go 2nd row back, was fun, but the wife and I agree dc rivals is way better. Bought the spinning back seat and holy shit, what an experience, one of the most intense rides I've been on. Been on alot of coasters outside of Australia but that was something else. Question though, being an annual pass holder, and this is going for all parks, do you think as an incentive they should include maybe a couple of back seat passes etc?
    1 point
  4. Alright, I'll do it. Ardent-Leisure-2021-Annual-Financial-Report.pdf (ardentleisure.com) Pages 14-18 details executive remuneration for executives. The long term incentives (LTIs) are awarded based on measurable growth and return on investment. The amounts are paid out 7 years after the grant date, or when the company sees a change of control or an IPO (theme park only). So it would seem that there are still bonus incentives payable when the park sells, but it appears that those payments will eventually pay out even if the park doesn't sell, based on business growth. My understanding of the previous LTI was it was exclusively achieved on sale of the business, and the amount was calculated based on the sell price. *I'm going off memory here, other than the 2021 report link above, so if any historic arrangements are the same \ different to what i've presented here i'm happy to be corrected - just going on what i recall.
    1 point
  5. Yeah I don't know - although the Parkz article also stated this as fact, and Rich generally states if something is speculative. The only reason I asked (I don't keep up to date on things like this) is because my recollection was Osborne's contract was pre-Weiss, and with control of the board changing, their priorities or aims may have also. Clearly the CEO's remuneration was made public at some point (I assume AGM?) so likely we will just have to wait until that happens to see if there are any changes...?
    1 point
  6. I think WB Kids can be reinvented without resorting to the loss of the gardens and greenery. There are areas of the park that lack gardens and they are depressing, IMO. Those giant carrots used to have vegetables (or were mock-plantings of vegetables) with signs indicating what was growing once upon a time - but even just some nice hedges, topiary, shady trees, make it a much more pleasant space to be in.
    1 point
  7. Can confirm SV has had a weight limit on it's signage since opening day. I have not ever seen anyone being asked to stand on scales though.
    1 point
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