TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 24 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  4. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  5. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  6. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  7. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

HGV fires their CFO

Discussion in 'Hilton Grand Vacations Club / HGVC' started by 1Kflyerguy, Aug 10, 2018 at 6:20 PM.

  1. 1Kflyerguy

    1Kflyerguy TUG Review Crew: Rookie TUG Member

    Joined:
    Nov 20, 2012
    Messages:
    1,291
    Likes Received:
    113
    Trophy Points:
    173
    Location:
    San Jose, Ca
    Resorts Owned:
    HGVC Kings Land, Marriott Destination Club Points
    Interesting.. usually not good when a company fires their CFO.. though doubtful it will have any impact to owners and club members. I still have a small stock position with HGV, this probably won't help their already weak performance...

    Hilton Grand Vacations (NYSE:HGV) says it has terminated CFO James Mikolaichik for "conduct and behavior not consistent with the company's policies."

    HGV says Chief Accounting Officer Allen Klingsick "will ensure operational and financial reporting continuity until a new CFO is named."

    HGV also reaffirms FY 2018 guidance and long-term growth objectives, and says its growth and investment strategy is progressing ahead of schedule.

    https://seekingalpha.com/news/3381826-hilton-grand-vacations-fires-cfo-mikolaichik

    https://www.bloomberg.com/amp/news/...tions-fires-cfo-for-behavior-against-policies
     
    Last edited by a moderator: Aug 11, 2018 at 9:00 PM
    TheCryptkeeper likes this.
  2. TheCryptkeeper

    TheCryptkeeper TUG Member

    Joined:
    May 16, 2014
    Messages:
    107
    Likes Received:
    7
    Trophy Points:
    78
    Location:
    Tampa, Florida
    Resorts Owned:
    HGVC at the Flamingo
    West 57th St. By Hilton Club
    And I just bought a few shares Monday. Typical. I'm like the kiss of death. Perhaps I should change my handle.
     
  3. dayooper

    dayooper TUG Member

    Joined:
    Apr 14, 2018
    Messages:
    195
    Likes Received:
    81
    Trophy Points:
    78
    Location:
    The Land of Ice and Snow
    Resorts Owned:
    Pending - HGVC Flamingo
    klpca likes this.
  4. TheCryptkeeper

    TheCryptkeeper TUG Member

    Joined:
    May 16, 2014
    Messages:
    107
    Likes Received:
    7
    Trophy Points:
    78
    Location:
    Tampa, Florida
    Resorts Owned:
    HGVC at the Flamingo
    West 57th St. By Hilton Club
    Perhaps they are trying to preclude a public relations fiasco. Time will tell. I don't want to conjecture, but a growing number of high-ranking figures have been taking the fall lately for using their positions inappropriately, and like @dayooper notes, the statement makes no mention of performance, referring only to conduct and behavior.
     
  5. brp

    brp TUG Member

    Joined:
    Oct 23, 2007
    Messages:
    865
    Likes Received:
    142
    Trophy Points:
    253
    Location:
    Bay Area, CA
    He probably wasn't charging us enough fees. We'll wait for the next person :)

    Cheers.
     
  6. SmithOp

    SmithOp TUG Member

    Joined:
    Jun 17, 2010
    Messages:
    4,431
    Likes Received:
    386
    Trophy Points:
    218
    Location:
    Costa Mesa, CA
    Resorts Owned:
    HGVC King's Land 2BR Premier 14.4K Points.
    I bought some shares at the ipo then dumped them after the run up. I think it was after listening to the investor call replay someone linked on here, didn’t get a warm fuzzy...


    Sent from my iPad using Tapatalk Pro
     
  7. dayooper

    dayooper TUG Member

    Joined:
    Apr 14, 2018
    Messages:
    195
    Likes Received:
    81
    Trophy Points:
    78
    Location:
    The Land of Ice and Snow
    Resorts Owned:
    Pending - HGVC Flamingo
    And there’s your “conduct and behavior not consistent with the company’s policies.”

    To be a fly on the wall in that conversation. “Double the fees? I don’t think so. Those Tuggers would burn my image in effigy and drag my somewhat good name through the mud! You will have to fire me first!”
     
    brp and TheCryptkeeper like this.
  8. Sugarcubesea

    Sugarcubesea TUG Member

    Joined:
    Mar 9, 2014
    Messages:
    1,915
    Likes Received:
    341
    Trophy Points:
    143
    Resorts Owned:
    SDO, QH, & Pinestead Reef

Share This Page