Originally Posted by near nyquist
Vet, why do you keep referring to moral ownership ?
Are the board of directors responsible to the local condo owners in some special way
Are they elected, appointed by an HOA or ...
Or is this an Austrailian thing
Boreal is owned by a ski club leased to managers, so club members are moral owners. Depending on the lease (and if it has KPIs) the landlord/club has influence and might speak up if they, as consumers, see some stupid policy brought in.
Some US hills are converting to tax exempt co-ops, and a town (in Maine iirc) leases the resort for $1 a year to those who run the resort. Iirc it now has 2 e-volt rechargers, govt grants to go green, and the town is throwing a few fundraiders to effectively save their hill and their local economy with $15 day tix. The townsfolk are the moral owners.
Some hills and businesses 'own Tahoe', so to speak, and they and, Universal and tourism boards got together to promote snow in California to an international tv audience that thinks Cali is Disneyland and desert. The moral benefciares are every hotel, and every employee, who benefits in a crap economy from international tourism.
There are groups like the June Mtn committee trying to save their hill ...which is reopening this season. And they liased with other 'moral owners' who have helped reopen hills.
Some groups are more effective than others. One that comes to mind let opportunity slip and lost a car company sponsor and thousands of beds a week as they gabfested for ages, hired grads as "CEOs" and all they have to show is a new website.
Moral owners at the hills I ski get front page stories on investigations into management conflicts of interest or corruption. Some are working on their own projects, eg girls programs, and they get support from multiple lift companies that normally don't work together. Another group pay airfares for our State nordic team to ski/stay at Granniblaken. Or working together they get a Govt grant for a Northstar-esque carpark gondola and grants to reopen a grand old building. Or pick and the phone and ask a resort to tweak its US season passes, or get a 'pay 8 for 14' deal in Aspen. Or ring travel wholsealers to get extra discounts on international travel. Or they get audits that sack entire managements and might have law enforcement after naughty execs. And we talk and cordinate. Management don't ignore the moral owners.