Sounds like great fun doesn’t it?
That’s what I thought last summer when I packed up Peanut and two of her friends and headed on over there for the day. The bottom line is that Six Flags is the least happy amusement park I’ve ever been to. I can’t recall a single staff wearing a smile. I can only assume that it isn’t a very nice place to work either. The place was dirty too.
Today, according to this story by Mike Spector and Jeffrey McCracken in the Wall Street Journal, Six Flags has filed for Chapter 11 bankruptcy.
“Six Flags' bankruptcy is a setback for Daniel Snyder, the Washington Redskins football-team owner who took control of the Six Flags in a proxy fight in 2005 and installed his own management team. The bankruptcy would likely wipe out Mr. Snyder's 6% stake.”
While it would be easy to explain their problems as just another case of too much debt, I personally think their problems go much deeper.
That’s what I thought last summer when I packed up Peanut and two of her friends and headed on over there for the day. The bottom line is that Six Flags is the least happy amusement park I’ve ever been to. I can’t recall a single staff wearing a smile. I can only assume that it isn’t a very nice place to work either. The place was dirty too.
Today, according to this story by Mike Spector and Jeffrey McCracken in the Wall Street Journal, Six Flags has filed for Chapter 11 bankruptcy.
“Six Flags' bankruptcy is a setback for Daniel Snyder, the Washington Redskins football-team owner who took control of the Six Flags in a proxy fight in 2005 and installed his own management team. The bankruptcy would likely wipe out Mr. Snyder's 6% stake.”
While it would be easy to explain their problems as just another case of too much debt, I personally think their problems go much deeper.
