As usual we can't leave things alone to let people sort their own problems with experience.  So lets look at who's new to the job this year:

Kelly Pawlak (past VP Resort Oops) is now VP of Marketing.  We didn't think she could lie good enough for that, but she'll have Guest Services and Tickets to help her out.  Lets hope she can put a good spin on El Nino!

John Ianelli, (Past Dir. of PT) is now Dir. Of Skiing Services.  He will overlord Child Care, Competitions, and PT.  Asked about this Eric Barnes (now Dir. PT) said "It's a step in the right direction.  We'd like to see him go all the way".  Isabelle Fabre (Dir. Competition, and Head Coach) said "I hear this happened once before.  What I really want to know is does he ski".

Jeff Worobel was hired as VP of  Food & Beverage for All Dept.  Mike Hammens will assist him in the loges.  These guys have 20 years of experience in like: Hollywood, and casinos.  So, I guess they'll be used to the prices, but have to settle a little lower on quality.  Ed. - more beverages at the parties, Jeff .

Scott Reaves (Dir. Mtn Oops) will also have Haystack and Security.  So he gets two parking spaces.  Don't park in them!

Leone Seely is Front Desk  Manager for the GSH.  She comes from Calf.  Good luck dealing with New Yorkers. 

March 27, 2002  www.skimag.com
American Skiing Co. backed out of a deal to sell the Steamboat Ski Area on Tuesday and agreed instead to sell Lake Tahoe's Heavenly Ski Resort to Vail Resorts for $102 million.  Heavenly operates 29 lifts, including six high-speed lifts and a new $25 million, eight-passenger gondola that operates year-round.  The purchase price is about six times the resort's annual cash flow.  Tim Mueller Mueller (from Okemo & Triple Peaks LLC) , learned about  ASC's back out when he traveled to New York intending to close the $90 million Steamboat deal.
ASC (which was delisted from the New York Stock Exchange earlier in March, has been struggling under a heavy debt load and has never turned an annual profit since going public in November 1997)  is selling assets to meet the debt reduction component in its restructuring plan. Ed. - Please sell us next.

July 02, 2002 biz.yahoo.com/prnews/
ASC dismissed its independent auditor, Arthur Andersen LLP and appointed KPMG LLP as its new independent auditor. (ed. - If Arthur Andersen can't find us a profit, no one can)

October 2,  2002  biz.yahoo.com/prnews
Grand Summit Resort Properties ("GSRP") has signed an agreement with Textron Financial Corporation to resolve loan defaults ($42.6 million in outstanding real estate debt.)  GSRP is a subsidiary of ASC Resort Properties ("ASCRP"), which is subsidiary of ASC. ASCRP is still restructuring other debt problems. (ed. - Those subsidiaries don't make any money either, but they make bankruptcy last longer.)

October 15, 2002  biz.yahoo.com/prnews
The Auditing Standards Board has ruled that a re-audit of ASC's financial statements for fiscal 2001 and 2000 is required.  ASC is not expected to be unable to file its Annual Report on Form 10-K with the Securities and Exchange Commission by the October 27, 2002 deadline.  Ed. - How long can we go on like this?

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