SEAWORLD IMPOSING BANS ON THEIR EMPLOYEES

Taken from an article found on the Buzzfeed, business forum, which can be found here. The article talks about SeaWorld banning their employees from presenting themselves as animal rights activists. This was done due to recent threats that were made and therefore SeaWorld would like to keep it’s employees and visitors safe and secure.

According to Joel Manby who is the current acting chief executive officer, SeaWorld employees are no longer permitted to pose as animal rights activists. This practice was ended by the board of directors in the face of threats made. Customers, employees and the animals are to be their first priority to keep safe and secure.

An accusation was made against SeaWorld by the People for the Ethical Treatment of Animals, PETA, who said that a person by the name of Paul McComb, who was working in human resources in San Diego for SeaWorld, posed as Thomas Jones and signed up for the Action Team set up by PETA. Paul McComb had allegedly told animal activists to act illegally and also incited others to act aggressively.

Manby the CEO said that all matter were handled internally at SeaWorld and that Paul McComb is back working at SeaWorld but in another department. SeaWorld has had a rough last quarter as they took abuse from the recent documentary on CNN known as Blackfish. This documentary accused SeaWorld of mistreating their Orca’s. All Orca performances have since been cancelled as well as the state of California officially banning the breeding of orca’s in captivity. SeaWorld has since gone up against this decision.

According to latest news by SeaWorld’s CFO, Peter Crage, the company has seen reduced attendance as well as the slowing of earnings and revenues. He remains positive as the decline had slowed in the second half of last year. 2015 was a good year of attendance at SeaWorld with a total of 22.5 million people, which is slightly up form 2014 which was 22.4 million. Revenues remained at $1.4 billion and earnings fell. A net loss of $11 million in the last 3 months of the year.

This is of great importance to companies like Madison Street Capital who can use this information to their benefit when they instruct their clients on the correct investment tactic. Making sure they stay ahead of the curve is vital in the investment industry as these news can determine a win or a loose when it comes to investments made. Madison Street Capital has both private and publicly held business which they consult to and are known to be some of the best people in the industry. They provide many different services to clients.

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