DeniseM
Moderator
- Joined
- Jun 6, 2005
- Messages
- 57,668
- Reaction score
- 9,088
- Points
- 1,849
- Resorts Owned
- WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
For those who want to cut to the chase, please see page 3 - post #69, for an example of how Jeff and I marked our ballots. - DeniseM
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I am extremely pleased to announce that TUG's own j4sharks (Jeff Hyman) is officially a candidate for the WKORV Board of Directors!
After the last election was rescheduled because of the fiasco with the late mailing of proxies, Jeff was able to get on the ballot for the Feb. election which will be Feb. 25, 2010. I asked Jeff to write a little statement to introduce himself, and I am sure he will be happy to answer questions as well:
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I am extremely pleased to announce that TUG's own j4sharks (Jeff Hyman) is officially a candidate for the WKORV Board of Directors!
After the last election was rescheduled because of the fiasco with the late mailing of proxies, Jeff was able to get on the ballot for the Feb. election which will be Feb. 25, 2010. I asked Jeff to write a little statement to introduce himself, and I am sure he will be happy to answer questions as well:
Originally Posted by j4sharks
I have been a WKORV owner for 3+ years. I am a business attorney at Apple Inc in Cupertino, and was a business litigation attorney for many years prior to working at Intel and now Apple.
My family loves WKORV, but like many owners we are frustrated by the huge MF increases over the past several years. I understand that some of the increases were caused by matters beyond the Board and Starwood's control (e.g. utility costs and local taxes); however, I look at how Marriott is able to run a very nice resort down the beach with MF's that remain about 30% lower and without the huge annual rates of increase.
My objective in joining the Board is to learn as much as I can about the operating budget and the drivers of our MF (both in absolute terms and the rates of increase), and then to work with the other BOD members to develop a plan to, at minimum, hold MFs flat for the next few years, if not reduce them modestly. And, of course, we need to do this in a way that maintains the quality of our experience as guests at the resort. But I firmly believe this can be done.
I do not believe Starwood is a bad company or that anyone is out to get us owners, per se. In fact, I think Starwood does a lot of things well in regards to running WKORV. But I do think that the current management agreement fails to align the financial interests of Starwood and Owners, which means that both parties currently fail to share a common set of incentives on controlling expenses. Longer term, I would like to see the management agreement change to better align our mutual interests.
Jeff Hyman
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