"Super Sleuth"
I started a huge task weeks ago when I promised John Frenaye that I would get his questions answered. ALL his questions. Over the next couple weeks due to the length of this list, I have focused on each of these questions one at a time. My goal here is not only to answer the question, but also point out why this question is even asked in the first place. Question #2 – How YTB arrived at $226 Million in travel sold for 2006. (Still waiting.)
While I hoped this would be an excellent opportunity and tool for anyone with additional comments about each of the specific questions to get better clarification, I seem to have been doing an outstanding job. Very little has come from the “other side” to contradict what I have to say. The comments section to discuss each of the questions in greater detail has been lacking at best. I think they’ve learned early on in this process that documentation beats conversation any day of the week.
Question #1 – Why a compensation plan takes 12 pages to define?
Question #5 - And for those that say I don’t get the math, I did not learn how nearly 150,000 people paid in $79 million dollars and only got $64 million in return. (Hello? Anyone? Bueller? Bueller?)
Question #6 - Why it is a good thing to have your top executives selling off stock. (There were no takers on this one, so I am gonna assume that it probably is NOT a good thing as everyone initially thought.)
Question #7 - Why a 3:1 split was a good deal when two of the three shares are worthless. (Thanks to Doug for the most reasonable explanation of this. The split may have been a good deal but with the current value of the stock, it is anyone’s guess.)
Question #8 - Why employees at YTB could not sell me a cruise on November 9th. (Still no answer on this one yet other than they don’t do anything till an RTA sells it. Well, the YTB site said to call them. Coach in an interview was touting how the res center is all staffed with professional agents. So, why is it that they cannot sell me a cruise, and how is it that they do not know that cruises do not depart from Phoenix?)
Question #9 – Why when presented with facts and figures, the argument mysteriously turns to “you don’t understand”. (This is another one that we will just have to say…because that is the way it is.)
Question #10 – How many RTAs drop out in a month…a year….. (This number I fear will NEVER be known.)
Question #11 – How long does an RTA continue to pay the fee before canceling? (Answered. They continue to pay as long as YTB continues to charge them and they jump through the hoops to get them to stop.)
Doug & Ronda Bauknight
Question #12 – How it is a misunderstanding with IATAN and Royal Caribbean. (Answered. It apparently was NOT a misunderstanding and RCCL called a spade a spade and it is what it is. YTB has moved on and said they would never do business with RCCL again.)
hn, being someone who boasts about finding out all kinds of information about YTB and having all kinds of connections in the industry may not be quite the “Super Sleuth” he would like us to believe.
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