Pursuits
SeaWorld Needs Fresh Board Members, Activist Investor Says
- Greg Taxin of Spotlight Capital Management owns 4% stake
- Shares of the theme-park operator undervalued, Taxin says
Trainers work with killer whales Trua, front, Kayla, center, and Nalani during the Believe show in Shamu Stadium at the SeaWorld Orlando theme park in Florida on March 7, 2011.
Photographer: Phelan M. Ebenhack/AP PhotoThis article is for subscribers only.
Activist investor Greg Taxin said he’s pushing for more changes at SeaWorld Entertainment Inc., including new board members, after the company shut down its killer whale shows.
“The board at SeaWorld was asleep for many, many years, and we think it needs to change,” Taxin said on Bloomberg TV Monday. The directors of the Orlando, Florida-based company don’t have a background in theme parks and lack experience “in areas we think are critical,” he said.