Cedar Fair filing will detail executive payouts if they're let go by new owner

Posted Wednesday, January 6, 2010 11:34 AM | Contributed by Jeff

On Friday, Cedar Fair plans to file its proxy statement with the Securities and Exchange Commission, outlining more details on Apollo's plans to buy the parent company of Cedar Point and turn it into a privately-owned company. A final decision on the $2.4 billion transaction is expected within 50 days. Last year's proxy statement stated that if Cedar Fair CEO Dick Kinzel lost his job after Cedar Fair was taken over, he'd receive a $20 million golden parachute. The new statement is expected to spell out details of his proposed contract extension under the new ownership.

Read more from The Sandusky Register.

Thursday, January 7, 2010 7:34 PM

Bingo. If they want to be in the resort business then they need to follow the Disney model and make sure that there is something for the guests staying on property to do after the parks close. There is a lot of money that is being spent on the other side of the bay that could be filling their coffers.

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Friday, January 8, 2010 2:42 AM
Jeff's avatar

There's a lot of money spent on beer bought on the mainland and consumed in Lighthouse Point cottages.


Jeff - Editor - CoasterBuzz.com - My Blog - Music: The Modern Gen-X - Video

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Friday, January 8, 2010 8:11 AM

Oh boy, now you guys are really getting into my playhouse. The "resort experience" after park closing...or even late evening...is just sad. When the best they have to offer is a piano player in the lobby (do they even still have the piano players?) then you are woefully short of offering a "resort experience".

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Friday, January 8, 2010 8:22 AM
LostKause's avatar

Ewwww... "Real glasses are gross. I saw on TV how most maids clean the glasses, and I will never use a hotel glass again. I must have a wrapped disposable cup, or else I'll use my cupped hand.

But if you want to be fancy, go ahead and drink from one. :)


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Friday, January 8, 2010 8:49 AM

OMG GERMS!


Brandon | Facebook

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Friday, January 8, 2010 12:49 PM
Lord Gonchar's avatar

LostKause said:
Ewwww... "Real glasses are gross. I saw on TV how most maids clean the glasses, and I will never use a hotel glass again. I must have a wrapped disposable cup, or else I'll use my cupped hand.

No. You saw on TV a sensationalized version of how a couple of housekeepers that they happened to catch clean.

In the real world, odds are that OTSR you pull down over your head is probably exposing you to more.


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Friday, January 8, 2010 7:09 PM

What did they do-- swish them around in the toilet bowl a few times? :)

If CF wants to use the term "resort," they have to understand what people think of when they hear that word. Chances are, it's not a camp in the Catskills anymore. You have to provide the resort experience, not just charge the resort price.

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Friday, January 8, 2010 10:20 PM

Ah, but Cedar Point doesn't have a campground, anyway. Only an RV parking lot. ;)


My author website: mgrantroberts.com

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Friday, January 8, 2010 10:27 PM
LostKause's avatar

No, RGB. They just sprayed a squirt of Windex into the glass, and dried it out very quickly with a dirty towel, the same towel that they used to wipe the sink off with.

I'm no germaphobe, and that has kept my immune system in almost perfect condition, but I will not drink after someone I don't know in a cup that has Windex and sink grime in it. I just won't do it. :)

I see your point Gonch, because I like to study how TV influences my feelings (remember our Extreme Makeover conversation?), but after the image has been burned into my consciousness, I can't help but wonder if my housekeeper does it the same way. A throwaway cup wrapped in plastic is much more sanitary, and it's all I will use at a hotel.

Those shoulder harnesses that you speak of are probably worse, I'll agree, but I'm not licking them. ;)

How many of you don't wash your hands every chance that you get? I wash them every few hours or so, and if I ever get a cold, it's once every one or two years.

---

I've never stayed at Hotel Breakers, but I hear that it's just a step above Cedars employee dorms. :p


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Saturday, January 9, 2010 1:32 AM

Lord Gonchar said:

In the real world, odds are that OTSR you pull down over your head is probably exposing you to more.

Or the Q-bot you slobber all over. :)

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Saturday, January 9, 2010 1:47 AM
Lord Gonchar's avatar

As the case may be. :)

But I'd drink out of a hotel glass, so what do I know?


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Saturday, January 9, 2010 2:55 AM
Jeff's avatar

You dirty, dirty boy.


Jeff - Editor - CoasterBuzz.com - My Blog - Music: The Modern Gen-X - Video

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Saturday, January 9, 2010 8:47 AM

I've never stayed at Hotel Breakers, but I hear that it's just a step above Cedars employee dorms. :p

I have sadly. I think the POW's at GITMO have better living conditions. The wireing was crapola. Make my XBOX go screwy. My only saving grace was I had a corner room w/ decent cross ventalation and a view.


Coaster Junkie from NH
I drive in & out of Boston, so I ride coasters to relax!

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Saturday, January 9, 2010 11:34 AM
Fun's avatar

Break out the world's tiniest violin- his Xbox wouldn't work. Comparing yourself to a Prisoner of war because you couldn't play video games is just sad man. (And yes I've stayed in Cedars too)

Last edited by Fun, Saturday, January 9, 2010 11:35 AM
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Saturday, January 9, 2010 11:42 AM

Hey now, the folks at GITMO aren't prisoners of war, are they? I thought they were enemy combatants. :)

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Saturday, January 9, 2010 12:45 PM
LostKause's avatar

Fun, It was a shocking comparison to drive his point. Entertainers and media do it all of the time. It's no biggie.


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Sunday, January 10, 2010 10:50 PM
Carrie M.'s avatar

Sure, and we never call them out on it, either, right? ;)


"If passion drives you, let reason hold the reins." --- Benjamin Franklin

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Monday, January 11, 2010 8:35 AM

Forget the glasses you knuckleheads. It is the bedspread that is gonna kill ya.

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Monday, January 11, 2010 6:06 PM
LostKause's avatar

Lol, Skipper.


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