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  • Matt Ouimet's basic contract with Starwood, Amazing Money...

    http://seekingalpha.com/article/14938


    Last week, Starwood Hotels (HOT) announced that it had hired Disney (DIScontract sale through tomorrow!
    And here is the actual SEC filing (This link has major info)....

    http://sec.gov/Archives/edgar/data/3...9/exhibit1.htm

    So he gets $700,000 base salary, and an expected bonus of another $700,000 a year, plus or minus depending on the company performance, plus many other benefits in the future...
    Check out my Theme Park Photos at http://darkbeer.smugmug.com

  • #2
    Re: Matt Ouimet's basic contract with Starwood, Amazing Money...

    [quote=Darkbeer]http://seekingalpha.com/article/14938



    And here is the actual SEC filing (This link has major info)....

    http://sec.gov/Archives/edgar/data/3...9/exhibit1.htm



    So????

    He gets $700,000 base salary, and an expected bonus of another $700,000 a year, plus or minus depending on the company performance, plus many other benefits in the future...

    and? SEC filings are notorious for disinformation....its all in the verbage! and honey let me tell you about the rocky verbage!

    Dude, MY boss (chairman of the board/CEO) of a $400m restaurant co. makes more than that.

    O-man got screwed......
    __________________________________________


    and before you start throwing quotes and numbers and figures at me - i've done the SEC filings for both public and private companies, am TIRED of the legalities (Froggy come to my resque!!).... and am too weary to debate this. So I won't - because it will not change one of our board members attitudes or - and more importantly, the STOCKHOLDERS point of view.
    Last edited by Princess Picard; 08-16-2006, 11:39 PM.
    "AND CONGRATULATIONS MICECHAT! WE HAVE NOW GONE INTO RELIGION, POLITICS, AND RACISM ON ONE THREAD! HELLS HAT-TRICK!"
    - PanTheMan


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    • #3
      Re: Matt Ouimet's basic contract with Starwood, Amazing Money...

      He gave up being the caretaker of Disneyland for *this*? Bleh, kind of a sell-out. As long as I was getting paid a decent (high 5-figure income) salary, there'd be no way anyone could rip me away from running Disneyland. It transcends any amount of money, we are talking about filling Walt's shoes here.

      But the unlimited Presidential suites at any hotel in the world sounds pretty sweet. I wish I had the choice between running Disneyland and making a cool million just for travel expenses.

      Comment


      • #4
        Re: Matt Ouimet's basic contract with Starwood, Amazing Money...

        Originally posted by Athlonacon
        He gave up being the caretaker of Disneyland for *this*? Bleh, kind of a sell-out. As long as I was getting paid a decent (high 5-figure income) salary, there'd be no way anyone could rip me away from running Disneyland. It transcends any amount of money, we are talking about filling Walt's shoes here.

        But the unlimited Presidential suites at any hotel in the world sounds pretty sweet. I wish I had the choice between running Disneyland and making a cool million just for travel expenses.
        He went from being low man on the corporate totem pole at Disney, to being the head honcho at another major corporation. Finances aside, that's a very smart move on Matt's part. It sets him up to move on to other large corporations later in his career.

        I know we all love Disney, but some things transcend the Mouse. Matt had to do what he thought was best for his career and his family. To call him a sell out for that is unfair.

        Originally posted by Senator David Wu (D-OR)
        Don't let faux-klingons send real Americans to war!

        Originally posted by TheHousingBubbleBlog
        Everyone says that the U.S. doesn’t make anything anymore, but that’s not exactly true. We’re the world leader in the manufacturing of bull****.

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        • #5
          Re: Matt Ouimet's basic contract with Starwood, Amazing Money...

          he went from a figurehead to someone who actually has power. I wouldn't want to run Disneyland right now if offered a million dollars. too much stuff going on. and you have to deal with the grief without getting any bennefits or making decisions.

          Comment


          • #6
            Re: Matt Ouimet's basic contract with Starwood, Amazing Money...

            Originally posted by Athlonacon
            He gave up being the caretaker of Disneyland for *this*? Bleh, kind of a sell-out. As long as I was getting paid a decent (high 5-figure income) salary, there'd be no way anyone could rip me away from running Disneyland. It transcends any amount of money, we are talking about filling Walt's shoes here.

            But the unlimited Presidential suites at any hotel in the world sounds pretty sweet. I wish I had the choice between running Disneyland and making a cool million just for travel expenses.
            I would be the first one to say that I'm sorry to see Matt go. He did a GREAT job getting the park back and who knows what he would have done if senior management had not insisted on putting puppet strings on him. As a park president you shouldn't have to beg for things.
            As for filling Walt's shoes..NO ONE can do that and no one should try. I think the best any Disneyland President can and should do is read & learn
            how Walt felt about things and carry on in his spirit. Trying to replace Walt is one of the things that got Eisner in trouble.
            Mark

            Contribute to my Johari or start your own!!
            http://kevan.org/johari?view=MarkS01


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            • #7
              Re: Matt Ouimet's basic contract with Starwood, Amazing Money...

              Originally posted by Cmash95
              he went from a figurehead to someone who actually has power. I wouldn't want to run Disneyland right now if offered a million dollars. too much stuff going on. and you have to deal with the grief without getting any bennefits or making decisions.
              Agreed.
              I wouldn't want it either and I agree that he went from being a figurehead to someone with some actual power.
              IF what I have read is true about Rasulo (and considering he comes from strategic planning) he doesn't have a clue and I wouldn't want to report to him.

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              • #8
                Re: Matt Ouimet's basic contract with Starwood, Amazing Money...

                He needs to do what he needs to do for himself.
                :crazylegs

                Comment


                • #9
                  Re: Matt Ouimet's basic contract with Starwood, Amazing Money...

                  [quote=Princess Picard]
                  Originally posted by Darkbeer
                  http://seekingalpha.com/article/14938



                  And here is the actual SEC filing (This link has major info)....

                  http://sec.gov/Archives/edgar/data/3...9/exhibit1.htm



                  So????

                  He gets $700,000 base salary, and an expected bonus of another $700,000 a year, plus or minus depending on the company performance, plus many other benefits in the future...

                  and? SEC filings are notorious for disinformation....its all in the verbage! and honey let me tell you about the rocky verbage!

                  Dude, MY boss (chairman of the board/CEO) of a $400m restaurant co. makes more than that.

                  O-man got screwed......
                  __________________________________________


                  and before you start throwing quotes and numbers and figures at me - i've done the SEC filings for both public and private companies, am TIRED of the legalities (Froggy come to my resque!!).... and am too weary to debate this. So I won't - because it will not change one of our board members attitudes or - and more importantly, the STOCKHOLDERS point of view.
                  It's more like power and structure rather than the nitty gritty of the dollar signs

                  Steve Jobs gets $1 a year in salary, and gets paid in stock options and "gifts"... Impressed?

                  The fact that O-man is even considered for an SEC filing... He wouldn't have been in Disney's structure... Think about it for a moment and reflect...

                  At this stage in one's carreer dollar signs are only partially the name of the game...
                  Check out my other blog:

                  Comment

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