Red Zone pressing Six Flags for vote to oust board members

Posted Wednesday, October 5, 2005 9:56 PM | Contributed by Jeff

Red Zone has asked Six Flags to set a record date to determine which stockholders can vote on a proposal to remove three directors from the Six Flags board.

Read more from Reuters.

Thursday, October 6, 2005 9:55 AM
Anyone else think this will actually happen ?, we all know its been a long time coming but seeing the way SF is playing there little games and in a sense of comparison it looks allot similar to the problems erie county is having in buffalo NY, haha.
Thursday, October 6, 2005 2:00 PM
Per this we should hopefully see a vote in 20 days.

And hopefully a vote that fires Burke.

Thursday, October 6, 2005 2:12 PM
Thursday, October 6, 2005 6:30 PM
Regardless of your feelings on Dan Snyder, most would agree: "About time!" Let's just hope that the execs booted are the idiots, and their replacements know what they're doing. (Is that too much to ask?)
Friday, October 7, 2005 8:35 AM
The execs might be idiots but they sure are building more coasters. For all we know Snyder will turn Six Flags into a grassy field. I'm not putting any hope in Snyder, to me he is the one who should be booted.
Friday, October 7, 2005 11:48 AM
I tend to agree with you JDB.
Friday, October 7, 2005 12:23 PM
Haven't you been paying attention? Building coasters isn't helping the company (particularly since they don't even run half the time). Burke needs to go. There's no question about that.
Friday, October 7, 2005 3:41 PM
I guess I should clarify my comment...I tend to agree with JDB where he says Snyder may not be the guy to put all our faith into. And on the other side of the coin, Jeff is correct in that building more coasters isn't the answer to SF problems. I also agree Burke needs to exit.
Friday, October 7, 2005 4:05 PM
I'll clarify my comment too. I'll strongly defend the idiots who are building coasters from an involuntary takeover by those with unknown motives, because at the end of the day, if the company survives, you have a lot of coasters, and if the company goes under, whoever aquires it has alot of coasters.
Saturday, October 8, 2005 12:54 PM

Article which clarifies what Snyder plans to do with the company if he succeeds.

Saturday, October 8, 2005 1:16 PM
Someone else at the helm of Six Flags would have a difficult time running this amusement supertanker aground. I mean, the options for improvement are wide open. If management focuses on improving guest services, or adding more flat rides, or better food, or better themeing, or more experienced staff, or better marketing, or fewer money making scams that piss of the public then there will be improvement.Even building a coaster at one of SF neglected parks wouldn't be a bad thing. Or selling a neglected park to a more interested party that is willing to invest in the park. So many things SF management has not done well has left alot of obvious opportunity for someone new to turn things around. Seeing how ripe the company is for improvement I completely understand how anxious stockholders are getting in their attempts to force the issue. If current Six Flags management stone walls the vote watch SF stock drop like a rotten apple.
*** This post was edited by rc-madness 10/8/2005 1:31:09 PM ***
Monday, October 10, 2005 4:25 PM
Oust the board members, and Six Flags will be as good as Cedar Fair.

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