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HGV fires their CFO

Discussion in 'Hilton Grand Vacations Club / HGVC' started by 1Kflyerguy, Aug 10, 2018.

  1. 1Kflyerguy

    1Kflyerguy TUG Review Crew: Rookie TUG Member

    Joined:
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    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
    TheCryptkeeper likes this.
  2. TheCryptkeeper

    TheCryptkeeper TUG Member

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    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

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    klpca likes this.
  4. TheCryptkeeper

    TheCryptkeeper TUG Member

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    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

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    He probably wasn't charging us enough fees. We'll wait for the next person :)

    Cheers.
     
  6. SmithOp

    SmithOp TUG Member

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    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

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    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

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