Well, sh-t really hit the fan this week: the Mayor of Mountain Village went off the owner/CEO Chuck Horning for almost 20-minutes in a town meeting, citing issues:
- People can no longer tolerate his indifference,
- He is possibly senile - Cannot make or remember decisions
- Might have a health issue
- Is not a skier or golfer and does not seem engaged in the ski area, community, or employees
- Has not empowered any designate that has the authority to make decisions so paralysis has set in
It was scathing. Again, no significant investment has existed since almost 2010 (outside of 1 HS Quad).
Remember, he repelled Hall of Skiing CEO Bill Jensen, who has one of the most impressive resumes in the ski industry.
William Jensen, Hall of Fame Class of 2018
Leading North America’s premier resorts to their loftiest heights, Jensen tirelessly mentored colleagues and always aced the “grocery store test.”
No one has led more major resorts in more markets than Bill Jensen, who held top posts at Vail Resorts and Intrawest and in a 45-year career, has applied his velvet touch to an A-list of mountains, including Sunday River, Northstar, Breckenridge, Vail, Whistler, and Telluride. Perhaps even more impressive is the role he played as a career-shaping mentor to colleagues, many of whom went on to run their own resorts. Among the many “Bill-isms” Jensen
People are begging Telluride's owner to take Alterra's $375M offer (higher than I reported earlier). Alterra is also a better operating company than Vail for Telluride, given how much local control they give, and Vail has no money for major acquisitions right now.
An pretty impassioned plea.
