Will You Be the Next SeaWorld CEO?
CEOs don't tend to last long at SeaWorld Entertainment (NYSE: SEAS). Sergio Rivera abruptly resigned over the weekend, and the filing announcing the move cites disagreements with the board's heavy hand in the decision-making process as the reason for his exit. He lasted just five months at the helm.
He's not the first outsider brought in as CEO to last only a few months before leaving. Cruise industry executive Gus Antorcha did the same thing last year after just seven months as the marine life attraction's captain. He also resigned over the board's involvement in decision making. Neither former CEO was with the company long enough to collect severance, but how likely is SeaWorld to attract a quality replacement if its board has a reputation for being so difficult? If the CEOs the board itself is vetting can't even last a year in the job, doesn't that reflect poorly on the suffocating nature of the SeaWorld boardroom?
It may be just a matter of time before you are called in to interview for the top post at SeaWorld Entertainment. If your contract has strings attached, it may be because they're just looking for a puppet.
Source Fool.com
