A feast for VR’s critics
December 3, 2003
Those masters of marketing at Vail Resorts seem to have tin ears when it comes to compensating their top dogs.
Their critics have a feast with word of 800,000 stock options offered to the 100 highest execs coming weeks after the public company reported registering its first losses for a year of business.
Never mind that the criticism is largely nonsense, that no company in the Vail Valley gives back to the community like this one does, that no entity has proven a better steward of its holdings, that none of these cheap seat observers would be around to offer their bon mots without the “gorilla” they so despise.
So why pour fuel on a simmering sort of resentment with a bunch of stock options all around the executive suites after a loser of a year. What kind of message is that really?
Seems this one could have kept awhile longer, say after a year that returned something to the bottom line?
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Well, grant the Democrats – for a change – a victory for common sense.
The state Supreme Court, no doubt inadvertently in these days of partisan gamesmanship, ruled that the Republicans were ridiculous in bullying through a congressional redistricting for the second time in the decade.
The country and states are now ruled by Supreme Courts, electing a president 5-4 here, the coincidental party split among the oh-so-above-it-all jurists, and in Colorado 5-2 by the weight of its Democratic majority. Awfully hard not to turn cynical about this whole checks and balances thing.
But hey, at least binding decisions do get made well short of armed rebellion in this country. It’s ingenious, actually.
In this case, the Dem court cinched it so the party of, er, donkeys, can’t pull the same sort of trick someday any more than the Republicans could. One exercise in gerrymandering a decade is quite enough, thank you.
A blow for us
Thank Chris Neuswanger and Eric Borgeson for correcting a Sallie Mae wrong that cost Borgeson an extra $108,000 to buy his home.
Neuswanger, Borgeson’s loan officer, found that Sallie Mae had stopped reporting borrower information about student loan credit to two of three national credit repositories, messing up the credit ratings of Borgeson and 7 million or so others. Some press accounts, senators’ interest piqued, and soon Sallie Mae was back to doing it right.