RailRider Posted October 4, 2006 Share Posted October 4, 2006 In what should be considered a strange and idiotic move by Six Flags, Mark Shapiro will receive a raise next year. Thats right the company is still struggling, yet I guess since they aren't bankrupt yet, he will get a raise of 30% next year. So now he will make $1.3 million in salary and could be entitled to a bonus of $2.6 million. The company lost $110 million last year, but hey that sounds like good buisness to me. So I guess in the amusement biz, selling off parks, declining attendances, slashing entertainment budgets, and eating cockroaches is a successful year. Congratulations Mr. Shapiro, you are running a ship that is sinking faster than the Titantic, yet you still managed to get a raise. Im happy for you. Heres a link to the article that discusses his Raise. SixFlags CEO Gets Raise??? Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted October 4, 2006 Share Posted October 4, 2006 Pretty amazing, huh? The stock market hasn't been very impressed by that move, either.... Quote Link to comment Share on other sites More sharing options...
flightoffear1996 Posted October 4, 2006 Share Posted October 4, 2006 Well, he is the head of the company. Quote Link to comment Share on other sites More sharing options...
The Interpreter Posted October 4, 2006 Share Posted October 4, 2006 Actually, no. That would be Dan Snyder, the Chairman....the same one of the Washington Redskins . . . Mr. Mark Shapiro is the CEO, but Mr. Snyder is his boss... Quote Link to comment Share on other sites More sharing options...
RailRider Posted October 5, 2006 Author Share Posted October 5, 2006 Yup, funny the Redskins stink to high heaven and they just keep throwing more and more money in to that team. Not really fixing the problem. Same can be said with SixFlags. Throwing more money at your CEO really doesnt seem to solve the problem. Just wondering how much longer SixFlags will be able to limp along, before someone or something puts the company out of its misery. Well atleast Mr. Shapiro is making money off of SixFlags, because nobody else is, especially the stock holders... Garbage in Garbage out Quote Link to comment Share on other sites More sharing options...
WooferBearATL Posted October 5, 2006 Share Posted October 5, 2006 Amazes me how many people have an oppinion as to how much another person should earn. I certainly know that I would not want my wages determined by general concensous. Quote Link to comment Share on other sites More sharing options...
BoddaH1994 Posted October 6, 2006 Share Posted October 6, 2006 Shapiro certainly has a lot on his plate for the coming years. You can't expect him to turn the whole chain around in one year, can you? Quote Link to comment Share on other sites More sharing options...
RailRider Posted October 6, 2006 Author Share Posted October 6, 2006 No you cant expect him to turn the chain around in a year, but what has he done so far to deserve a raise? Just think of your work place. If your company is going under does your boss deserve a raise? Quote Link to comment Share on other sites More sharing options...
The New England Snapper Posted October 6, 2006 Share Posted October 6, 2006 Yeah I got a 30% raise since I moved from KI to work at Sfne too!!! haha jk Quote Link to comment Share on other sites More sharing options...
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