Who are the highest paid Timeshare CEOs?

[TUGBrian]

Highest Paid Timeshare CEOs in 2023

Skift reviewed the CEO compensation among timeshare companies in 2023. Michael Brown, CEO of Travel and Leisure Co., topped the list.

skift.com

an interesting read!

 

[pedro47]

Could not read the whole article in peace. An ad would pop up after 2 or 3 seconds.

 

[clifffaith]

Could not read the whole article in peace. An ad would pop up after 2 or 3 seconds.

There is a white X (hard to see on the yellow ad background) to click to remove ad.

 

[dioxide45]

Not sure why the John Geller made so much in prior years based on post pandemic stock performance. He only started as CEO in January 2023 and VAC stock has been in constant freefall since just about that same date.

 

[pedro47]

There is a white X (hard to see on the yellow ad background) to click to remove ad.

Thanks. It worked.

 

[JIMinNC]

Not sure why the John Geller made so much in prior years based on post pandemic stock performance. He only started as CEO in January 2023 and VAC stock has been in constant freefall since just about that same date.

The higher comp mentioned in the article for 2021 was prior to him becoming CEO, and probably related mostly to incentive stock compensation he received as, I believe, President and COO (his job prior to becoming CEO). In 2021 VAC stock traded between $150 and $175 or so per share after falling to around $50/per share right when the pandemic hit. I suspect most of the executive team realized considerable stock-based compensation in those years.

The relatively low comp versus his peers in 2023 is likely mostly due to the putrid VAC stock performance since 2022. But that's the way executive comp should be, in my opinion, tied explicitly to stock performance for shareholders.

 

[jp10558]

The higher comp mentioned in the article for 2021 was prior to him becoming CEO, and probably related mostly to incentive stock compensation he received as, I believe, President and COO (his job prior to becoming CEO). In 2021 VAC stock traded between $150 and $175 or so per share after falling to around $50/per share right when the pandemic hit. I suspect most of the executive team realized considerable stock-based compensation in those years.

The relatively low comp versus his peers in 2023 is likely mostly due to the putrid VAC stock performance since 2022. But that's the way executive comp should be, in my opinion, tied explicitly to stock performance for shareholders.

Oh god no, I think that's a horrible idea. Companies already always crap out their long term goals to spike the stock prices for this quarter. Unless it's measured over the term of their appointment or over 10 years or something I generally find incentivising the executives to raise stock prices each quarter at all costs is how to kill companies.

 

[easyrider]

It's interesting and funny in a way that Wyndham says they bought Travel & Leisure. Mike Brown of Travel & Leisure earns about 8 million and Wyndhams Geof Ballotti earns about 3.5 million as ceo's. I think Geoff earns more when you consider overall earnings, something like 18 million. I wonder why Geoff isn't on the list ?

Bill

 

[dioxide45]

It's interesting and funny in a way that Wyndham says they bought Travel & Leisure. Mike Brown of Travel & Leisure earns about 8 million and Wyndhams Geof Ballotti earns about 3.5 million as ceo's. I think Geoff earns more when you consider overall earnings, something like 18 million. I wonder why Geoff isn't on the list ?

Bill

Geoff Ballotti is the CEO of the hotel company. No direct relationship to the tiemshare company of T&L other than the licensing agreement. Two different companies.

 

[easyrider]

Geoff Ballotti is the CEO of the hotel company. No direct relationship to the tiemshare company of T&L other than the licensing agreement. Two different companies.

I hadn't considered that. So is Mike Brown actually the CEO of Wyndham timeshare division ?

Bill

 

[dioxide45]

I hadn't considered that. So is Mike Brown actually the CEO of Wyndham timeshare division ?

Bill

Your understanding is correct, but technically Mike Brown is the CEO of Travel + Leisure. Which is the company that owns the rights to market timeshare properties under the Wyndham and other brands. To differentiate the timeshare company from the magazine. Travel + Leisure is not the same company as the magazine anymore. The magazine is published by a separate media company.

 

[rickandcindy23]

I know people say that developer timeshare sales are necessary to give us new resorts. Point taken, but these highly-paid execs on the top of the pile are ignoring the facts about timeshare's true value, which is almost $0. How do these people sleep at night, knowing they have stolen money from people with lies?

If I can get a platinum Marriott timeshare for a small percentage of the price these crooks are charging for a point system that is overpriced, these truly are despicable people who head these companies.

Same with Wyndham. Resale values are at an all-time low. The price to buy Wyndham has a lot to do with benefits denied to the new owner through resale. Some of the decline in value is because the product is mis-represented during a sales' pitch. We see countless complaints on TUG about lies at the presentations.

Hilton took over Diamond, then Bluegreen, and the only value I see in Hilton is the actual Hilton brand, not in the combined program that includes Diamond properties, which are generally not on-par with Hilton.

I think these CEO"s should all be in jail with the other timeshare scammers, most especially one of these three fools who denies that the salespeople at his resorts are liars.