SeaWorld faced big challenges after its treatment of killer whales came under fire. An activist investor became chairman, turned around the company’s finances—and alienated some executives.
Global Management Inc., Mr. Ross had previously worked on deals involving lodging, entertainment and hospitality companies. He helped lead Apollo’s 2012 acquisition of Great Wolf Resorts Inc., an indoor-waterparks company, and its 2014 takeover of Chuck E. Cheese restaurant operator CEC Entertainment Inc.
He brought a renewed focus to SeaWorld’s marketing and revenue-management strategies, as well as cost cutting, according to people familiar with the matter. Mr. Ross also critiqued the company’s social-media posts, vetted minor expenses, and scrutinized even the retail price of a bottle of Other former company insiders said Mr. Ross’s granular focus and argumentative style made it difficult to work with him.
SeaWorld’s next two permanent CEOs each left after less than a year on the job, citing disagreements with the board over its involvement in the company’s decision making, according to securities filings. Then, the Covid-19 pandemic plunged the company back into crisis. In April 2020, after closing all its parks, the company put more than 90% of staff on unpaid furlough. ItIn the summer of 2020, the company began reopening some of its parks with reduced capacity and days, as well as new safety protocols. With the limited reopening, executives sought to increase attendance and revenue while cutting unnecessary costs.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Jed Lowrie’s single in the ninth gives A’s walk-off win over TexasThe Athletics fell behind behind early, rallied for a late lead, then won it in the bottom of the ninth.
Les mer »
Inflation’s cause? It’s the spending, stupid. | OpinionWashington politicians pretend they don’t know what’s behind runaway inflation, but voters know.
Les mer »
Kris Jenner Invests in Those Giant Salads the Kardashians Are Always Eating on CameraAfter years of the Kardashians shaking their Health Nut salad containers on TV, Kris Jenner is putting her money where her mouth is: becoming company's first investor.
Les mer »
Ross Gerber Says Terra Is Just “Another Crypto Scam”Investor Ross Gerber is convinced that Terra was just another scam project
Les mer »
Matthew McConaughey returns to his hometown of Uvalde, Texas after school shootingThe actor visited his hometown after passionately calling for change in the United States.
Les mer »