Say good night Dick

Six Flags CEO Richard Zimmerman stepping dow: exit comes amid disappointing attendance and losses

SANDUSKY — Nobody around here is passing the tissue box around upset about the pending departure of Richard Zimmerman, the soon-to-be former CEO of Six Flags, and before that, of Cedar Fair Ltd.

“On behalf of the Board, I want to thank Richard for his leadership and contributions since the successful merger of the legacy Cedar Fair and Six Flags companies last July,”said Selim Bassoul, executive chairman of the board, in an August 6 company news release.

For Bassoul and for Six Flags stock investors it was successful, but local investors — especially long-term owners of Cedar Fair Ltd. shares — the merger was bad, in some instances financially devastating. Cedar Fair shareholders were required to pay taxes on dividends — any and all they ever received — under the Cedar Fair shareholders program.