Six Flags Corporate Discussion Thread

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Re: Six Flags Bankruptcy & Restructuring Discussion

Postby KDCOASTERFAN » Mon May 17, 2010 9:01 pm

SFA Regular wrote:I was just trying to say that a more balanced scale is better for the company. Under both former managements of Six Flags Inc, Great Adventure and Magic Mountain were always given the most because they were close to richer city's. Great Adventure being close to New York and Magic Mountain being in Valencia. Paramounts on the other hand still gave a good bit to Kings Island so that it could grow and give the people who live near there a reason to support it. Just picture if they took the Six Flags method and said "Well, Kings Dominion is real close to Washington DC, so lets give them more and just see how Kings Island does". But with great time and investment, the park became a great place. The same can be done for a lot of the smaller parks if they are given the chance for for better family and thrill installations. If Alexander Weber becomes the permanent CEO, which I think he will, I think my home park will start doing a lot better. Possibly performing at the same level as it's competition, Kings Dominion, if given the right installations and improvements.

I actually wouldn't mind replacing the current park management and getting former Paramounts park management to run SFA.


Part of the SFMM problem is they kept trying to compete against CP(in Ohio of all places) for the title of most coasters in a single park just so they could gain national advertising on those discovery channel coaster shows.That strategy made no sense as only enthusiasts with the means to travel from Ohio to cali (and vice versa) were the only ones who really cared.

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Re: Six Flags Bankruptcy & Restructuring Discussion

Postby CoasterGuy06 » Mon May 17, 2010 9:05 pm

^ I'm sure the fact they are competing with Universal, Disney, Knott's, Sea World, etc. had nothing to do with it either.

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Re: Six Flags Bankruptcy & Restructuring Discussion

Postby JEAPUgrad » Tue May 18, 2010 4:47 am

EBL wrote:^ I last had Beverly in 2006 at Epcot---and I'm still trying to get that taste out of my mouth...


Did I read and interprate this right?

If so, that's just foul.

:oops:

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Re: Six Flags Bankruptcy & Restructuring Discussion

Postby ebl » Tue May 18, 2010 10:45 am

^ I guess there is more than one way to interpret that. :oops:

But, yes, Beverly the drink...

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Re: Six Flags Bankruptcy & Restructuring Discussion

Postby jedimaster1227 » Thu Jun 17, 2010 10:03 pm

http://www.businessweek.com/ap/financialnews/D9GD6KCO0.htm

Six Flags Entertainment Corp., which emerged from bankruptcy protection in early May, said Thursday its shares will resume trading on the New York Stock Exchange on Monday.

The company runs 19 theme parks in North America and was formerly known as Six Flags Inc. Six Flags stock was delisted from the NYSE in April 2009 because its shares had an average closing price of less than $1 for 30 consecutive business days. The shares closed at 13 cents on April 17, 2009, the last day before the delisting.

The company sought bankruptcy protection in June 2009, burdened by high debt and declining park attendance by economically strapped consumers. Its restructuring plan reduced its debt and redeemable preferred stock to about $1 billion from about $2.7 billion.

The company's shares will trade under the symbol "SIX," as they did before the name change.
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Re: Six Flags Bankruptcy & Restructuring Discussion

Postby SFA Regular » Fri Jun 18, 2010 6:47 pm

It's good to see that their stock is back on the market.

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Six Flags Announces CEO Offices Moving To Dallas

Postby milst1 » Mon Jun 21, 2010 6:17 am

In an 8-K submitted to the SEC, Six Flags announced that it fired Michael Antinoro, EVP Entertainment and Marketing, Andrew Schleimer, EVP Strategy Development and In-Park Services, and Mark Quenzel, EVP Park Strategy and Managment, saving their $400,000, $500,000, and $500,000 salaries, respectively.

The company also announced that the office of the CEO would be leaving NYC and moving to the company's Dallas, TX offices. Not sure if this is also a move of the corporate HQ exactly.

Read more about it here. Click on the June 21 8-K.

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Re: Six Flags Announces CEO Offices Moving To Dallas

Postby cgodsey » Mon Jun 21, 2010 8:45 am

It is the whole corporate office. They have office space in Dallas and their IT division has been there anyways. That's definitely going to save them lots of money.

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Re: Six Flags Announces CEO Offices Moving To Dallas

Postby Sir Clinksalot » Mon Jun 21, 2010 9:04 am

^ Agreed. The cost of office space in Dallas is probably less than half what it is in NYC.

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Mark Shapiro - has he spoken since removal?

Postby RandallDuell » Mon Jun 21, 2010 9:57 am

I'm sorry if this has been discussed (I've looked around, but didn't find anything), but has Mark Shapiro been interviewed since being removed from Six Flags?

Seems like the guy made some pretty big changes and decision in his short time with the bankrupt company, I'm just wondering how the oft-times brash man would evaluate his tenure?

I've Google'd, also, and haven't seen any exit interview-type discussions with him - would love to hear him from him now.

ADMIN EDIT: I went ahead and merged this thread with our Six Flags Restructuring Discussion Thread, as it is a continued issue that will be discussed on this thread. We welcome you to Theme Park Review, but we ask that in the future, you use the search function before starting a new thread, just so that we don't have any duplicates. Again, no harm done--welcome to the site!
Last edited by jedimaster1227 on Mon Jun 21, 2010 1:01 pm.

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