Vail Resorts Inc. Message Board
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Earnings!
Employees, in lieu of pay, here is some of our declining stock. Oh by the way, it won't be worth much soon but you can always use it to start your wood burning stove at home. LOL. What a joke.
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Only the year round employees will get stock options, the seasonal employees will only receive a 2 1/2% pay decrease, with no increase for next season.
I wouldn't be surprised if some big-wig gets a damn nice bonus for coming up with the idea. :)
Then again, it is better to take a pay cut than to lose the job, at this time.
I honestly believe the stock will be $30+ within the next 18 months.
PS: To those that say nobody is going to Vail, they are way wrong.- 1 Reply to buffvail
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Could you give your "honest" reasons why you think this pos will ever get to 30? It can't be the guidance, or the fact that middle America is losing there jobs, pensions and 401 k's. It surely can't be the fact that the CEO is not taking any pay for awhile and employees are getting stock in lieu of pay, which he would not do if things looked peachy keen. btw that CEO and employee pay cut equals about .13% of their net revenue. Also it can't be the fact that snowfall in the Rockies has been very poor this winter and expected to be very poor for the remainder of the season or the fact that the people who are showing up aren't spending any money on dining, drinks or lodging. So what is your reasoning? I would be very interested in knowing. The only way it gets to 30 is thru manipulation. (In my not so humble opinion)
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Better than loosing your job. You are aware of the severe global recession, right?
- 2 Replies to somedirtyhippie
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You're absolutely right. Better hang onto your minimum wage job until you get your pink slip.. Then you can live off your stock option. (Oh wait, it wasn't an option)
p.s. time to change that bong water. -
Or losing it. :-)
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