Gaylord's Biggest Shareholder Claims Mismanagement
It’s not everyday that you see one wealthy man criticizing another for spending too much time on his private jet. But the Texas oil billionaire Robert Rowling is doing just that to Colin V. Reed, the chief executive of the hotel operator Gaylord Entertainment, which also owns Nashville’s Grand Ole Opry. In an open letter to Gaylord’s shareholders on Thursday, Mr. Rowling assails Mr. Reed for excessive corporate waste. He highlights Mr. Reed’s use of the company’s $15 million Gulfsteam G150 private jet, which has been used 36 times to fly back and forth between Florida and Mississippi over the past two years, according to flight logs provided by the company.