Gary Story resigns from Six Flags

I said this in the forum and I'll say it here: I don't see any good coming out of this at all. Story was the only one of the three chief executives who was a career industry guy. The CEO and CFO are a lawyer and banker, and I wouldn't be surprised if they answer to more of the same on the board. Clearly their only goals in the last decade were to grow the business without thinking one bit about how to sustain the business.

The existing VP's, and presumably the new one, are all industry people. Having them all answer to Burke, without Story to fight their battles in the board room, doesn't exactly strike me as a winning move for the company. It's all pointless speculation on my part, but I've seen what happens in public companies with people not qualified to steer the ship at the top because I've worked at such companies.

Well, there's not much else place to go but up at this point.

Except for Chapter 11.

Looking for the silver lining... it seems like Six Flags' current financial "situation" is more or less forcing them to button down and focus more on infrastructure, and less on shiny new (expensive) rides. For the time being, anyway. One can only hope that those in charge are reevaluating their corporate strategy. But that's looking for the silver lining.

Colin D, who's worked for private companies with, apparently, no one steering the ship.

Then again the CEO has been working there since 1989. I would assume that he must know something of the Industry by now.

I think this is just the start of some changes. Most companies that are doing bad start making changes at the top and work there way down.

Carlo

God I hate doing this.. but I'd have to agree with Jeff again.. ;)

I've met Gary several times over the years, and he IS the driving force for SF. Without him, it's only gonna get ugly.. umm.. uglier....

Is it a coincidence that Burke rhymes with jerk? I think not.

In any event, this certainly isn't going to help an ailing stock price.

Hey Six Flags...Roy Disney is looking for a new job. ;) We can hope for there to be some good out of this no matter how gloomy our perception is.

too bad too sad,,, dont let the door hit you in the *** maybe Six Flags can get some one in there that can run these parks effectively,,and make them profitable.. and get some one in there to keep those restrooms clean and prevent a stampede at the gates at openings. AKA Worlds Of Adventure??????Lets not even talk about season passes.

And someone with your impressive use of punctuation would know.

You don't know the first thing about Story, what he did, or what he stood for at the company.

ok....soooooooooooo he needs to sit down then,,,if he stood for anything,, he should have STOOD for a much more IMPRESSIVE way to oversee a chain of mega amusement parks that in my opinion,,( which really doesnt mean much)in not that A,successfull B,profitable C, or can we have the same rides in all 125 parks... sounds like I need to punctuate something else really quick!!!!!!!!!!!!!!!!

The more you type the more you prove my point.

ehhh I've heard some stories about Mr. Story that i don't agree with, but on the other hand I also don't agree with a company that is run by people who care only about the money and know very little about the industry. And just to throw a complete wrench in it all I agree Worlds of Adventure has a horrible main gate on the Ride Side of the park it is like a stampede at opening and closing but that seems to be okay???... guess i'll have to work on my cattle call till the season starts up, too bad there won't be a new ride this season, that would be sweet!!!