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Investor makes a splash with critical report on Vail Resorts

Summary

A Vail Resorts investor made waves in the ski industry this week when he published a scathing report on the company as a business and called for the resignation of CEO Kirsten Lynch and former CEO Rob Katz, now the chair of the board for the ski resort giant. But not much is known about […]

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Tahoe Daily Tribune

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Sierra Sun

Center

Vail investors claim Park City ski patrol strike was boiling point in message to ‘Evil Empire’

BROOMFIELD, Colo. – Vail Resort board members received a scathing letter and accompanying presentation from one of its investors, calling out numerous shortfalls over the past five years along with the some strongly worded remarks. “Competitors are eating Vail’s lunch, and management is asleep at the wheel,” the letter reads. Another statement, “The core skiing community has labeled Vail the “Evil Empire.” These are just a couple of the remarks …

2 months ago

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Vail Daily

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Vail Resorts shareholder speaks out after penning scathing letter

A Vail Resorts investor made waves in the ski industry this week when he published a scathing report on the company, calling for the resignation of CEO Kirsten Lynch and former CEO Rob Katz, who...

2 months ago

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The Park Record

Center

Vail Resorts shareholder calls for major change, including replacing company leaders

Vail Resorts shareholder Late Apex Partners LLC has sent a letter to the resort company’s board expressing alarm at what the firm called deteriorating brand value and demanding change. In the letter, Late Apex founder Taylor Schmidt said, “Over the past five years, Vail’s performance has been unacceptable. We believe Vail is fixable, but the board must act now to hold management accountable.” “Vail Resorts received this letter from an investor, …

2 months ago

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singletracks.com

Viral investor letter calls for firing Vail's "Evil Empire" leadership. Will Vail's woes affect bike park season?

Crested Butte Mountain Resort was acquired by Vail in 2018. Photo: Devon Balet It seems every time I skim the headlines, Vail Resorts is in the news again — and never for a good reason. For those unfamiliar, Vail Resorts is the largest ski company in the world, currently valued at $6.44 billion. Vail owns an astonishing 42 mountain resorts in four countries. While they’re best known as a ski company, many of these resorts are home to famous bike…

2 months ago

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GearJunkie

Investor in Vail Resorts Slams Leadership as 'Evil Empire'

The original version of this article appeared on TheInertia. The investment firm Late Apex Partners (LAP) has called for an executive overhaul of Vail Resorts, the publicly traded company that owns and operates 42 mountain resorts around the world and has reshaped the entire ski industry since its introduction of the Epic Pass in 2008. The firm, which manages funds currently invested in Vail Resorts, called for “overdue changes” in a letter sent…

2 months ago

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the-ski-guru.com

Vail Resorts Still in the News for the Wrong Reasons

I have already written about Vail Resorts having a rocky period in the news. The news is not calming down, and more things are coming to the fore. From a letter sent from a dissatisfied shareholder, Taylor Schmidt of Late Apex Partners asking for the replacement of CEO Kirsten Lynch, to the COO Angela Korch and also Chairman of the board Robert Katz, to more news on potential strike action and employees dissatisfaction. The letter of Late Apex P…

2 months ago

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