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Marriott to Spin Off Timeshare Business [merged]

dioxide45

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This seems to be your personal website, the constant scrutiny over every post and voluminous comments clearly show your unrealistic expectations that only your opinions count. Well contrary to what this means to you but Allan and you are both entitled to your opinion. Recommendations that owners purchase shares should seem reasonable regardless of who's opinion it is. The moderator needs to take a little more time reading your comments and address your disrespectful behavior.

While it may be his opinion, should he be using this forum to solicit for information to feed his agenda?
 

GregT

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The moderator needs to take a little more time reading your comments and address your disrespectful behavior.

I may have many problems with SueDonJ ;) but it's never due to disrepectful behavior. She is a welcome addition to the Forum and I enjoy reading her posts.

I thought we closed this thread 14 pages ago?

How about those Chargers?

NFL Season next year?

Will the Padres pull off another magical season?

Giants repeating????

Best,

Greg
 

SueDonJ

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Thanks Greg, much appreciated.

It would be foolish for me to try to say that I have never been disrespectful when posting to TUG - sometimes discussions get tense and it's only human nature to lose composure occasionally. But if anyone thinks that I intended disrespect here in this thread, I'd like to clear the air.

I thought I made it quite clear that it is my opinion that Allan Cohen is not someone whom I would choose to champion a cause and it worries me that he's set his sights on the impending spin-off. It's an opinion I formed while participating in that Aruba Ocean Club lawsuit thread, I shared it here because the opportunity presented itself (especially considering that the post immediately after his was from a TUGger who wasn't involved in the MAOC thread and had sent him an email,) but I certainly am not making demands that anyone and everyone agree with my opinion. Take it for what it is, and feel free to form your own.

To support my opinion, though, I stated two things which I consider facts and which appeared to me to follow his post naturally. Namely, he is the catalyst for exorbitant legal fees which all MAOC owners are facing, and, there were allegations in that thread that he released MAOC owners' personal contact information to others for reasons that were not related to those owners' previous contact with him. The first statement of fact is supported by this document issued by the MAOC Board which names Allan Cohen specifically; the second statement of fact is supported by this and similar posts in that MAOC thread.

Finally, I don't care about how many posts I have on TUG (other than the Upping Your Post Count Game :) ) or who thinks I post too much. I love TUG and want to continue to post to my heart's content. But I don't want to be disrespectful when it's not warranted, and so I've asked the mods to review my posts in this thread and let me know if I've crossed TUG boundaries. Waiting on a reply ...

Now I really wouldn't mind if we all moved on and continued with trying to figure out how the many changes we're facing with our Marriott timeshares will affect us ...

Oh, and go Sox!
 
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Luckybee

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Thanks Greg, much appreciated.

It would be foolish for me to try to say that I have never been disrespectful when posting to TUG - sometimes discussions get tense and it's only human nature to lose composure occasionally. But if anyone thinks that I intended disrespect here in this thread, I'd like to clear the air.

I thought I made it quite clear that it is my opinion that Allan Cohen is not someone whom I would choose to champion a cause and it worries me that he's set his sights on the impending spin-off. It's an opinion I formed while participating in that Aruba Ocean Club lawsuit thread, I shared it here because the opportunity presented itself (especially considering that the post immediately after his was from a TUGger who wasn't involved in the MAOC thread and had sent him an email,) but I certainly am not making demands that anyone and everyone agree with my opinion. Take it for what it is, and feel free to form your own.

To support my opinion, though, I stated two things which I consider facts and which appeared to me to follow his post naturally. Namely, he is the catalyst for exorbitant legal fees which all MAOC owners are facing, and, there were allegations in that thread that he released MAOC owners' personal contact information to others for reasons that were not related to those owners' previous contact with him. The first statement of fact is supported by this document issued by the MAOC Board which names Allan Cohen specifically; the second statement of fact is supported by this and similar posts in that MAOC thread.

Finally, I don't care about how many posts I have on TUG (other than the Upping Your Post Count Game :) ) or who thinks I post too much. I love TUG and want to continue to post to my heart's content. But I don't want to be disrespectful when it's not warranted, and so I've asked the mods to review my posts in this thread and let me know if I've crossed TUG boundaries. Waiting on a reply ...

Now I really wouldn't mind if we all moved on and continued with trying to figure out how the many changes we're facing with our Marriott timeshares will affect us ...

Oh, and go Sox!

As she indicated it is her OPINION. Of course we would have to leave it to Sue to drag the pending litigation into this

My OPINION based on the "facts"(we can all interpret the "facts") that when the board for Aruba sent out notices as to who wanted their info provided they did so in a manner that anyone unaware of the situation would have obviously said no to providing info because the board attempted to scare people into doing just that by not disclosing the reason for the request and making it sound like the request was for marketing purposes. I am unaware of anyone who read the notice that didnt read it in that manner.

My OPINION is that Allan has been the one person trying to save owners money by standing up to Marriott and the numerous questionable issues that have taken place at the OC and in no way is the "catalyst" for any increased costs. Matter of "fact" it is my OPINION but for Allan the Mf's would be even higher. Had Allan not taken the actions that he did the more "TERRIFIED" I would be imagining what we would be paying.

It continues to be my OPINION that when the "pending" litigation is complete only then can we say whether or not Allan has been successful. Note I said "pending" not as stated in the earlier post as "And his efforts were not successful" .

yep...we're all entitled to our opinions...and it is my OPINION that I still find it very curious that there are those who have absolutely nothing to do with the AOC yet still have such strong opinions about the AOC that they continue to bring up the AOC in order to disparge efforts of others ...very curious indeed ...especially when many of us who do have a stake in the outcome have gone to great pains to leave the topic alone for now waiting to see the results when the matters are finally resolved.

And it is my OPINION, that some didnt just "participate" in the OC thread rather they attemped to bully and be disrespectful to anyone who had a differing "opinion" from them....so why should this thread be any different !! Its the main reason that many of us now try and avoid posting much if at all because of the domination of some on TUG !
 
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ilene13

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As she indicated it is her OPINION. Of course we would have to leave it to Sue to drag the pending litigation into this

My OPINION based on the "facts"(we can all interpret the "facts") that when the board for Aruba sent out notices as to who wanted their info provided they did so in a manner that anyone unaware of the situation would have obviously said no to providing info because the board attempted to scare people into doing just that by not disclosing the reason for the request and making it sound like the request was for marketing purposes. I am unaware of anyone who read the notice that didnt read it in that manner.

My OPINION is that Allan has been the one person trying to save owners money by standing up to Marriott and the numerous questionable issues that have taken place at the OC and in no way is the "catalyst" for any increased costs. Matter of "fact" it is my OPINION but for Allan the Mf's would be even higher. Had Allan not taken the actions that he did the more "TERRIFIED" I would be imagining what we would be paying.

It continues to be my OPINION that when the "pending" litigation is complete only then can we say whether or not Allan has been successful. Note I said "pending" not as stated in the earlier post as "And his efforts were not successful" .

yep...we're all entitled to our opinions...and it is my OPINION that I still find it very curious that there are those who have absolutely nothing to do with the AOC yet still have such strong opinions about the AOC that they continue to bring up the AOC in order to disparge efforts of others ...very curious indeed ...especially when many of us who do have a stake in the outcome have gone to great pains to leave the topic alone for now waiting to see the results when the matters are finally resolved.

And it is my OPINION, that some didnt just "participate" in the OC thread rather they attemped to bully and be disrespectful to anyone who had a differing "opinion" from them....so why should this thread be any different !! Its the main reason that many of us now try and avoid posting much if at all because of the domination of some on TUG !

touche!!:cheer:
 

puckmanfl

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good morning...

Sue..
keep on posting. If you stop I will end up losing Perry and you in the same calendar year. I can't deal with the strain of that!!! I enjoy your insights, especially as the owner (similiar to myself, of a 3 bedroom unit)...I will have more questions for you as my first trip to HHI (7/30-8/5) DC point 3 bedroom at Surfwatch comes closer...

puckman...

it's gettin a little testy on this thread....
p.s love the Mass location.. although I am in Florida my oldest cash drain (son) went to Lawrence Academy (groton) for the hockey (whatelse??? and smarts)
 

TJCNewYork

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those who have absolutely nothing to do with the AOC yet still have such strong opinions about the AOC that they continue to bring up the AOC in order to disparge efforts of others ...

My interest in a speedy resolution and a positive outcome for the concerned owners at AOC regards "common themes" that are of concern to all MVC owners. There are many of them including management control, governance and regulatory compliance which have already surfaced in this discussion.

What seems to be a rallying call to organize for the 'common owner good' by buying stock, monitoring regulatory compliance, and championing some form of owner representation on spinco's BoD was not even discussed for it's merits. As quoted above, I agree with the opinion that one person's leadership efforts were disparaged.


Its the main reason that many of us now try and avoid posting much if at all because of the domination of some on TUG !

To some extent, I agree and would like to add some clarity as to why I feel that way. Based upon recent postings elsewhere*, it is very clear to me that the MVC and MVCD community is disenfranchised, unorganized and relatively powerless - except to walk away. Disparaging another member of this community only preserves that state, IMHO. Sadly, it also turns our attention away from seeking a positive outcome - together.

* Elsewhere:
  1. An Exciting Future for Marriott Vacation Club International
  2. Providing Our Timeshare Owners with More Flexibility
  3. Timeshares / Vacation Rentals Forum: Marriott Vacation Club Destinations Exchange Program
Not trying to put words into anyone's mouth, a positive and open-ended re-phrasing of the intent of several recent posts may offer an exit approach. There are lessons-learned from the MAOC struggle to negotiate with management, achieve transparency in governance, provide equity in owner voting rights; and rally efforts to organize owners. The lessons-learned may or may not apply to active owner involvement and support towards the successful realization of spinco.

As a MVC owner and TUG guest, I am enthusiastic, continue to feel engaged and very open to continuing discusssion. Hopefully, vitriolic debate about what the lessons-learned are, will be fruitful. But, if disparaging and disrespectful behavior continues, it takes away from the sense of TUG as a welcoming community, undermines the value of joining, and negates the benefit of active participation.

:ponder: pondering future participation
 

MALC9990

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My interest in a speedy resolution and a positive outcome for the concerned owners at AOC regards "common themes" that are of concern to all MVC owners. There are many of them including management control, governance and regulatory compliance which have already surfaced in this discussion.

What seems to be a rallying call to organize for the 'common owner good' by buying stock, monitoring regulatory compliance, and championing some form of owner representation on spinco's BoD was not even discussed for it's merits. As quoted above, I agree with the opinion that one person's leadership efforts were disparaged.




To some extent, I agree and would like to add some clarity as to why I feel that way. Based upon recent postings elsewhere*, it is very clear to me that the MVC and MVCD community is disenfranchised, unorganized and relatively powerless - except to walk away. Disparaging another member of this community only preserves that state, IMHO. Sadly, it also turns our attention away from seeking a positive outcome - together.

* Elsewhere:
  1. An Exciting Future for Marriott Vacation Club International
  2. Providing Our Timeshare Owners with More Flexibility
  3. Timeshares / Vacation Rentals Forum: Marriott Vacation Club Destinations Exchange Program
Not trying to put words into anyone's mouth, a positive and open-ended re-phrasing of the intent of several recent posts may offer an exit approach. There are lessons-learned from the MAOC struggle to negotiate with management, achieve transparency in governance, provide equity in owner voting rights; and rally efforts to organize owners. The lessons-learned may or may not apply to active owner involvement and support towards the successful realization of spinco.

As a MVC owner and TUG guest, I am enthusiastic, continue to feel engaged and very open to continuing discusssion. Hopefully, vitriolic debate about what the lessons-learned are, will be fruitful. But, if disparaging and disrespectful behavior continues, it takes away from the sense of TUG as a welcoming community, undermines the value of joining, and negates the benefit of active participation.

:ponder: pondering future participation

Can anyone name a Fortune 500 Global Corporation that has a customer representation on their Board of Directors ?

The concept of MVCI owners buying stock is essentially a good one but let's not fool ourselves that even if 10% of the 400,000 owners were to participate, it would actually amount to anything but a fragmented and isolated interest group. Most stock in Fortune 500 corporations is held by pension and mutual funds who decide on their requirements of investments without giving "customers" a second or even third thought.
 

wof45

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I believe it is a mistake to believe MVCD does not want happy customers.

One of their main goals is to sell more points, and the existing customers -- weeks or points -- are a major source of sales. So, a major goal is to make customer's happy.

I think most of us know that many Tuggers are anti Marriott, and never want to buy anything else and tell everyone not to buy retail and are very picky about little things, mainly because they do not understand exactly how they work.

I think that is fine, but most customers are not tuggers, and many tuggers are happy with what they have with MVCD.
 

Cmore

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Can anyone name a Fortune 500 Global Corporation that has a customer representation on their Board of Directors ?

The concept of MVCI owners buying stock is essentially a good one but let's not fool ourselves that even if 10% of the 400,000 owners were to participate, it would actually amount to anything but a fragmented and isolated interest group. Most stock in Fortune 500 corporations is held by pension and mutual funds who decide on their requirements of investments without giving "customers" a second or even third thought.

You are so right, MAR is a huge company with a very large market cap. trying to make an impact in this fashion is a fools errand, unless we can get Soros, Gates, Buffett, Slim, etc. to get in.... oh wait, I wonder what their interest in an investment would be....

The decision to make a financial investment should strictly be made on its own merit.
 

Cmore

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...I think most of us know that many Tuggers are anti Marriott, and never want to buy anything else and tell everyone not to buy retail and are very picky about little things, mainly because they do not understand exactly how they work.

I think that is fine, but most customers are not tuggers, and many tuggers are happy with what they have with MVCD.

Many Tugger's anti-Marriott, I am not sure why someone would think that :ponder:

You are very correct, Most people are not tuggers, sometimes to their detriment. But many Tuggers and mvci/mvcd owners are in general quite happy as well. JMO, but I think what the 'angy' Tuggers are most concerned about is that they had figured out the old system, and now the new system offers a more level playing field that is harder (not impossible) to game or effectively be "way better at" than the other owners.

The new system is here, they are selling points, they will continue to sell points and lots of them. The new spin off is going to be fine, Marriott is going to be fine, and we all would be best off figuring out how to maximize our ability to use both systems. On that point, PerryM has been right for a very long time.
 

kjd

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There is the notion conveyed here that the word "spinoff" is really code for bankruptcy. It's not. If it is obvious that a division of a corporation is a non-performing asset corporations simply dissolve the division one way or another and move on. That almost always increases the value of their stock.

The spinoff will not go bankrupt. A spinoff has to have the expectation of being able to survive and thrive on its' own. A spinoff usually occurs when the total stock value of a corporation is undervalued. In other words the sum of the parts is greater than the whole. Therefore some of the parts are sold off in order to release value.

I doubt a company like Marriott is trying to put one over on the financial community. I believe they fully expect the spinoff to thrive and make money. What's wrong with that? Nothing.

There are major differences between being a Marriott stockholder and a Marriott timeshare owner. It doesn't do much good to confuse the two. As an timeshare owner I fully intend to use my units to the fullest extent possible without regard to the value of the corporation or the value of my timeshares. For those primarily interested in the value of corporation I suggest either buying the stock or selling it short depending upon your outlook.
 

SueDonJ

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I've always believed that timeshare ownership begins and ends with the contracts and governing docs. It's my opinion that 99 times out of 100, you're doomed to failure if you try to enact changes that are not supported by the existing legal contracts and documents. So you're an owner and you don't like something? Do what you can to learn your contracted rights and fight for what you want through the proper channels. Recognize that your most formidable hurdle will be the legal obligations and limitations that stand in your way, and ally yourself with someone who is legally qualified and has the specific expertise to go up against the giant timeshare companies' extensive in-house and otherwise-available legal counsel. Most importantly, recognize your own limitations and listen to others who may have more knowledge than you do.

Again, my opinion, but I wouldn't automatically act on a list of suggestions related to my timeshare ownership unless I knew that the suggestions were approved by people who hold the expertise necessary to make such suggestions. If it comes to it, I also wouldn't allow my name to be attached in any way to a list of demands given to Marriott by anyone other than a qualified expert attorney. At the very least, I would want proof that such an attorney has verified the reasonableness of each item on such a list. But okay, let's discuss the items in Allan Cohen's list anyway even though we don't know if it's been compiled with the benefit of counsel or expert opinion:

1. Purchase Marriott International (MAR) stock (approximately $40 per share) so as a stockholder you will have voting representation in the new company
On its face it's not a bad statement because the action supports the result. But like MALC and others have said, it's going to take a whole lot of owners purchasing a whole lot of stock to make a difference. Plus, it's one thing to speculate about when and why to make a stock purchase, it's a whole different animal to determine if such a purchase fits your individual financial picture and what you can reasonably expect afa gains and losses. Heck, I mentioned the stock in another thread for another reason just the other day (and it turns out I'd lost my mind somewhere in that thought) but I wouldn't just tell someone else to buy it. And I wouldn't accept the suggestion from anyone who has no knowledge of my financial situation.

2. Push for the inclusion of several owner representatives as members of the new Board of Directors in the spin off company
Again, like MALC asked, is there a precedence to support this? If not, do/will the governing docs support it? If not, what's it going to take to get it? Marriott's not going to just roll over and say, "yeah, great idea, let's give seats to owners whose visions of the product may conflict with our visions for the company."

3. Support the creation of an office of Owner Ombudsman within the new company .
Just my opinion, but I don't see the need for such a position. Each and every one of us has a voice and the means to contact Marriott's executives and customer advocacy offices. We don't all agree on what we want and expect from our timeshares. A redundant position within the new company will not change that fact.

4. Let's work together creating the largest Coalition of Timeshare Owners protecting our interests as Marriott creates the worlds largest stand alone time share company.
Again, our interests do not always align with each other's. Working together to gain the knowledge that's necessary to understand our timeshare ownerships makes perfect sense. Thinking that we can all form a unified one-voice coalition is an unrealistic expectation.

5. Stay informed as the regulatory process moves forward. We must be aware of the SEC filings as well as any other state requirements to see how the new company will effect our ownership.
Makes perfect sense, I agree completely. That's why I'll continue to turn to TUG for the information that helps me learn, because the collection of participants here are able to contribute specific information with which they individually hold the expertise to disseminate. Many voices, including dissenting ones, make for better knowledge.
 
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TJCNewYork

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Most stock in Fortune 500 corporations is held by pension and mutual funds who decide on their requirements of investments without giving "customers" a second or even third thought.

Very true, Malc. I appreciate your comments and the value they have in reopening the door to discussion.

Current patterns of investment/organization that distinguish the F500 do not necessarily have to limit business innovation. Spinco aims to become a fast, growing and global company. In my opinion, applying F500 business solutions to a new global timeshare industry may present distinct barriers to success. Before dismissing the concept of board-level customer representation, it may make sense to look under the hood.

Encouraging diverse board-level stakeholder representation across all segments of an industry can foster a level playing field where shared business concerns can give birth to shared business solutions. I believe there are business trends both here in the U.S. and in Europe that merit scrutiny.

Drawing upon the auto industry, the UAW's push for labor's representation on the BoD's of General Motors, Ford and Chrysler is a case in point. In the retail industry, the board of directors for IBM's Retail User Group does exactly that. In Europe, many organizations are advancing the concept of board-level employee representation.

What's to limit the concept of board-level owner representation in the timeshare industry?

Spinco not only represents the reorganization of Marriott Vacation Club, it is on the path towards redefining the business and the industry. There's an opportunity for innovation. Since vacation ownership relies so heavily upon 'referrals from satisfied owners', board-level owner representation presents both a natural and logical progression.

Rather than get ahead of ourselves, the first question that makes sense to ask is what is Spinco's mission and who does Spinco seek to serve? At present, the Letter to Owners implies "what" and "who", so we can only assume.

That said, there may be a solid business case for advancing board-level owner representation: To advance and grow the timeshare and vacation ownership industry, board-level owner representation might offer the competitive advantage that can quickly reposition Spinco at the forefront.
 

SueDonJ

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... I have been encouraged in the overwhelming support for seeking owner representation on the new Board of Directors, the creation of an ombudsman office and an owners coalition. Currently, Marriott International has voiced its objections to the SEC on a stockholders resolution creating an office of Owner Ombudsman. ...

Allan, I know that you believe as several others do that I have a personal vendetta against you which is not based on anything but an irrational dislike. I believe that's an unfair accusation but regardless, it's not one that I can combat in any way other than to respond to the items you put out there for comment. That's what I did throughout that Aruba thread and with my last post, and it's what I'm doing here.

What I bolded above actually sounded interesting to me; it wasn't something that had been introduced in any of the past exchanges that we've had. Although I do believe what I said above, that such a position would be redundant in the impending spin-off company, I still think that as a new idea it has some intrigue. So I googled "Marriott stockholders resolution Owner Ombudsman" and found this interesting reading. Will you answer this - is it true what Marriott's legal counsel alleges, that you, "... suggested that [your] allegations and complaints regarding the Resort could be resolved if the Company would appoint [you] to serve as the ombudsman representing the Owners?"

If anyone needs further proof that Allan Cohen's actions throughout his history with MVCI are not altruistic, you now know where to find it.

And if anyone still thinks that I have an irrational personal vendetta against him, be assured that I have never met the man and have no idea if we share interests that could lead us to be friends otherwise. My problem with him is and always has been that he manipulates others, takes advantage of others' trust in him, takes actions that cause quantifiable harm to others, in order to further his personal agendas. His personality has nothing to do with my contempt, his actions speak for themselves.
 
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MALC9990

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Many Tugger's anti-Marriott, I am not sure why someone would think that :ponder:

You are very correct, Most people are not tuggers, sometimes to their detriment. But many Tuggers and mvci/mvcd owners are in general quite happy as well. JMO, but I think what the 'angy' Tuggers are most concerned about is that they had figured out the old system, and now the new system offers a more level playing field that is harder (not impossible) to game or effectively be "way better at" than the other owners.

The new system is here, they are selling points, they will continue to sell points and lots of them. The new spin off is going to be fine, Marriott is going to be fine, and we all would be best off figuring out how to maximize our ability to use both systems. On that point, PerryM has been right for a very long time.

Cmore - (same Cmore as on the II Community?) - I use MALSCREEN1 there !:wave: There are one or two people who post here who are clearly not MVCI owners who I would class as Anti Marriott and perhaps even Anti TS.
 

MALC9990

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I've always believed that timeshare ownership begins and ends with the contracts and governing docs. It's my opinion that 99 times out of 100, you're doomed to failure if you try to enact changes that are not supported by the existing legal contracts and documents. So you're an owner and you don't like something? Do what you can to learn your contracted rights and fight for what you want through the proper channels. Recognize that your most formidable hurdle will be the legal obligations and limitations that stand in your way, and ally yourself with someone who is legally qualified and has the specific expertise to go up against the giant timeshare companies' extensive in-house and otherwise-available legal counsel. Most importantly, recognize your own limitations and listen to others who may have more knowledge than you do.

Again, my opinion, but I wouldn't automatically act on a list of suggestions related to my timeshare ownership unless I knew that the suggestions were approved by people who hold the expertise necessary to make such suggestions. If it comes to it, I also wouldn't allow my name to be attached in any way to a list of demands given to Marriott by anyone other than a qualified expert attorney. At the very least, I would want proof that such an attorney has verified the reasonableness of each item on such a list. But okay, let's discuss the items in Allan Cohen's list anyway even though we don't know if it's been compiled with the benefit of counsel or expert opinion:


On its face it's not a bad statement because the action supports the result. But like MALC and others have said, it's going to take a whole lot of owners purchasing a whole lot of stock to make a difference. Plus, it's one thing to speculate about when and why to make a stock purchase, it's a whole different animal to determine if such a purchase fits your individual financial picture and what you can reasonably expect afa gains and losses. Heck, I mentioned the stock in another thread for another reason just the other day (and it turns out I'd lost my mind somewhere in that thought) but I wouldn't just tell someone else to buy it. And I wouldn't accept the suggestion from anyone who has no knowledge of my financial situation.


Again, like MALC asked, is there a precedence to support this? If not, do/will the governing docs support it? If not, what's it going to take to get it? Marriott's not going to just roll over and say, "yeah, great idea, let's give seats to owners whose visions of the product may conflict with our visions for the company."


Just my opinion, but I don't see the need for such a position. Each and every one of us has a voice and the means to contact Marriott's executives and customer advocacy offices. We don't all agree on what we want and expect from our timeshares. A redundant position within the new company will not change that fact.


Again, our interests do not always align with each other's. Working together to gain the knowledge that's necessary to understand our timeshare ownerships makes perfect sense. Thinking that we can all form a unified one-voice coalition is an unrealistic expectation.


Makes perfect sense, I agree completely. That's why I'll continue to turn to TUG for the information that helps me learn, because the collection of participants here are able to contribute specific information with which they individually hold the expertise to disseminate. Many voices, including dissenting ones, make for better knowledge.

I fully agree.
 

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dioxide45

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I think there are very few MVCI owners here that I would consider anti-Marriott. Just because someone questions the motives and finds suspect the moves that Marriott makes, it doesn't make them anti-Marriott. Just because someone isn't always gushing about Marriott, it doesn't mean they are anti-Marriott.

There wouldn't be much to talk about here if Marriott and their program were perfect. Which I think almost all of us can agree, they are not.
 

AwayWeGo

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[triennial - points]
You Typed A Mouthful.

I think there are very few MVCI owners here that I would consider anti-Marriott. Just because someone questions the motives and finds suspect the moves that Marriott makes, it doesn't make them anti-Marriott. Just because someone isn't always gushing about Marriott, it doesn't mean they are anti-Marriott.

There wouldn't be much to talk about here if Marriott and their program were perfect. Which I think almost all of us can agree, they are not.
By the same token, just because people are generally satisfied with RCI -- i.e., enough so that they remain RCI customers -- that doesn't mean they believe RCI Can Do No Wrong.

There wouldn't be much to discuss about RCI if RCI were perfect, which it isn't by a long shot. So it goes.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​
 

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Lets take this opportunity and turn this announcement into a very positive one for every Marriott Vacation Club Owner.

Given the recent article in the WSJ-DumpingTimeshares and Al Lewis's blog http://newswires-americas.com/tellittoal/ does it make sense to buy stock now in Marriott International (MAR) ?

I encourage you to consider doing the following so that your rights as a Marriott Timeshare owner are represented:

1. Purchase Marriott International (MAR) stock (approximately $40 per share) so as a stockholder you will have voting representation in the new company

2. Push for the inclusion of several owner representatives as members of the new Board of Directors in the spin off company

3. Support the creation of an office of Owner Ombudsman within the new company .

4. Let's work together creating the largest Coalition of Timeshare Owners protecting our interests as Marriott creates the worlds largest stand alone time share company.

5. Stay informed as the regulatory process moves forward. We must be aware of the SEC filings as well as any other state requirements to see how the new company will effect our ownership.

Since the Wall Street Journal column of 2/12/11 by Al Lewis WSJ.com - Dumping Timeshares*, my email box has been filled by Marriott Timeshare owners around the world asking how can we make sure that we will be heard as Marriott spins off the timeshare division into a stand alone company?

I have been encouraged in the overwhelming support for seeking owner representation on the new Board of Directors, the creation of an ombudsman office and an owners coalition. Currently, Marriott International has voiced its objections to the SEC on a stockholders resolution creating an office of Owner Ombudsman.

The Marriott Vacation Club International (MVCI) division has been the only negative aspect of the Marriott brand as voiced by stockholders at the last two Marriott International annual meetings with write offs and impairment charges of over $1.2 billions dollars. In its heyday, the MVCI division had been the cash cow, being one of the largest profit center yet one of the smallest divisions within Marriott International. .

Now, I believe both because of the economy and owner concerns with MVCI it has fallen on hard times. The greatest strength and hope for the success of the Marriott brand and the new company is its 400,000+ owners.

As Timeshare owners we already have a vest interest, so buying stock in Marriott International should give us a stronger voice once the spin off is completed.

One of the bright spots of the new company is that it will be under the direction of Bill Shaw, the newly announced Chairman of the Board who is a trusted, hard working and dedicated individual. We want the high standards that Mr. Shaw represents to be carried forward into the new Company.

The challenges ahead can only be successfully overcome with the support of current owners and stockholders. Let’s hope that during this reorganization, under the direction of a new Board of Directors with owner representation, that MVCI will have learned from mistakes in the past and begin to work with Timeshare owners in a more collaborative and transparent fashion.

Lets take this opportunity to protect our interest and move forward in a positive way by establishing a fresh new beginning.

I look forward to hearing from you.

Please contact me at: c20854@aol.com

Thank you, Allan Cohen (301-299-2118)

Allan,

I beleive this has to be better for all owners. We now have a company who's existince is dependent on the success of the timeshare business, vs being a piece of a hotel business.

If owners do not protect thier interests no one will. Most owners take what the company says as gospel and we know it is not.

You are always on target, regardless of what some people try to say about you. thanks for conitnuing the efforts. You have the support of thousand of owners. With this change you may end up getting more support as people start to look out for thier interests as the timeshare market continues to take hits.

Thank you
 

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Cmore - (same Cmore as on the II Community?) - I use MALSCREEN1 there !:wave: There are one or two people who post here who are clearly not MVCI owners who I would class as Anti Marriott and perhaps even Anti TS.

The same, yes quite interesting here. Not sure I have the time to keep up with it, I figured it was you (same weeks and UK). I always enjoy your insight and level head. :D
 

timeos2

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I think there are very few MVCI owners here that I would consider anti-Marriott. Just because someone questions the motives and finds suspect the moves that Marriott makes, it doesn't make them anti-Marriott. Just because someone isn't always gushing about Marriott, it doesn't mean they are anti-Marriott.

There wouldn't be much to talk about here if Marriott and their program were perfect. Which I think almost all of us can agree, they are not.

But they at least at one time may have run the closest to perfect resort we ever stayed at - Manor Club in Williamsburg. The location isn't as good as some of the Wyndhams (too remote) but the original resort was second to none in the late 90's.

It has forever been my yardstick for a great resort in quality, design, decor & overall experience. When I find a new resort we like or have changes to our existing resorts that memorable stay is what I compare it to. Some have now come very very close to equaling it and I'm not sure it would be the same today, but for that moment in time Marriott & Manor Club set the standard. They can do it right.
 

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Isn't avertising like the post above... supposed to be against the rules ? I thought someone got booted for the same thing. I'm just sayin...
 
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