Vail Resorts CEO Rob Katz Addresses the Issue of the Lift-Line Scandal During Monday’s earnings call, Vail Resorts CEO Rob Katz was asked by an investor to comment on the negative press surrounding the resort following photos and videos of lift-lines went viral in February. The resort also had a tragic death on one of its chairlifts too during the same quarter. Related: Vail, CO Skier Dies of Asphyxia After Falling Off Chairlift […] Industry News SnowBrains | March 13, 2020 3 Comments
Vail Resorts CEO Rob Katz Donates $15.7-Million to Charity Vail Resorts announced yesterday that Chairman and Chief Executive Officer Rob Katz has exercised stock appreciation rights (SARs) and will be donating 100% of the shares and proceeds received to his family charitable foundation and donor-advised charitable fund. Based on the market price on the date of exercise of $235.53 per share, the donation is equal to approximately $15.7 million. […] Industry News SnowBrains | June 12, 2019 0 Comments
Rob Katz, Vail Resorts CEO on Why the Ski Industry Needs Foreign Workers and Immigration Reform is Essential An open letter from Rob Katz, Vail Resorts CEO The United States has a long and rich history of welcoming generations of immigrants who have enhanced our country and our culture by contributing their talents, traditions, and entrepreneurial spirit. It saddens me to see how our current immigration system—broken and in desperate need of reform—contradicts these long-standing commitments to diversity […] Industry News SnowBrains | June 4, 2018 3 Comments
Vail Resorts CEO, Rob Katz, Set Up A $58 Million Charitable Fund For Mountain Communities A 58 million charitable fund has been established by Vail Resorts CEO Rob Katz. The charitable fund will be used to make non-profit grants for mountain community social service organizations. The money comes from the sale of approximately 114,000 shares of Vail Resort stock, which were sold exercising Katz’ share appreciation rights, SAR, and were due to expire within the […] Industry News Douglas Perry | October 12, 2017 0 Comments
Vail CEO Robert Katz Announces $31 Million Donation According to Vail Resorts, Inc., CEO Robert Katz will be making a $31 million donation to his family charitable foundation and donor advised charitable fund. His donation comes from exercising stock appreciation rights (SARs) that were expiring over the next two years. Katz received 113,000 shares of Vail Resorts stock, each priced at $275.25. He will be donating 100% of […] Featured Article Katy Shipley | June 14, 2018 1 Comment
Katz Amsterdam Charitable Trust Awards $2.16m in Grants to 10 Organizations Advancing Racial Equity in Mental and Behavioral Health Investment provides resources to organizations working to eliminate barriers to mental and behavioral health in communities of color The Katz Amsterdam Charitable Trust today announced $2.16 million in grants to advance racial equity in mental and behavioral health. The grants were awarded to 10 nonprofit organizations serving BIPOC communities across the country. The grantees – a mix of national and […] Industry News SnowBrains | October 11, 2022 1 Comment
Vail Resorts Makes Surprise Offer to Buy Park City The latest news in ongoing wranglings between Vail Resorts and PCMR, Vail Resorts has offered to buy Park City Resort’s base facilities. The offer comes in the form of a 5-page letter from Vail CEO Rob Katz, who says that Vail Resorts will buy Park City’s holdings for what he described as “…a fair price for both for both parties…” This is just the latest in a disagreement between Vail Resorts and PCMR […] SnowBrains | March 26, 2014 1 Comment
Skier Visits Down 23% at the 3 Vail Ski Resorts in Tahoe: Kirkwood, Northstar, Heavenly “Unfortunately, conditions in Tahoe have been very poor with snowfall down approximately 85 percent relative to prior year, resulting in visitation and guest spending well below our expectations, which negatively impacted our overall revenue growth,” Vail CEO Rob Katz said in a statement. Tahoe hasn’t really gotten any snow this year yet. That has obviously translated into poor skier visit number in Tahoe this year. Compared to last year, skier visits are down 23.4% at Vail’s Lake Tahoe ski resorts: […] Industry News SnowBrains | January 21, 2014 2 Comments