vail resorts

Vail Resorts CEO Rob Katz to Donate $29.3 Million From SARs Exercise | Announces Increased Focus on Racial Justice

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Vail Resorts announced that Chairman and Chief Executive Officer Rob Katz has exercised stock appreciation rights (SARs) set to expire in 2022 and will be making a charitable donation of 100 percent of the proceeds received. After withholding shares for the exercise price and taxes, Katz received 91,661 shares of Vail Resorts stock from the SARs exercise. These shares will be sold, and the […]
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Vail Resorts Announces Significant Increase in Minimum Wage for Hourly US Employees

In a letter to employees yesterday, Vail Resorts CEO Rob Katz announced that the company will ‘significantly increase the minimum wage for hourly employees in the United States.’ Effective from winter 21/22, employees paid hourly in Colorado, California, Utah, and Washington state will be paid $15.00 per hour. The company will also offer paid sick leave to all full-time seasonal workers next […]
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Vail Resorts Beat Expectations Yesterday, Announcing 3rd Quarter Profit of $275-Million on $889-Million Revenue

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Vail Resorts’ profit for its latest quarter improved on the previous year when the covid-19 pandemic forced closures of the company’s destinations in the US and Canada. The Colorado-based ski resort operator yesterday reported a profit of $274.6 million for its fiscal third quarter, up from $152.5 million for the same period last year, beating expectations. Revenue increased to $889.1 million […]
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Vail Resort’s EpicPromise Grant Serves 150K Meals To Students At Summit Schools

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The Summit School District in Colorado has served nearly 150,000 packaged meals this school year through the Vail Resorts EpicPromise grant. The grant has also helped students with activities and education. Breakfast and lunch have been offered to students each day during the 2020-21 school year with zero cost to the district families. Related: Vail Resorts Promises to Eliminate Emissions, […]
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Lawyers For Employees in Vail Resorts Federal and State Labor Law Violations Case Say Lawsuit Should Proceed in All 9 States

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The back-and-forth between lawyers continues as attorneys for the Vail Resorts’ employees alleging the company “systematically fails to pay its hourly employees for all hours worked” and repeatedly violates federal and state labor laws in California, Colorado, Michigan, Minnesota, New York, Utah, Vermont, Washington, and Wisconsin claim the proposed class-action lawsuit should proceed not only in Colorado, but in the […]
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