Hank49
Contributor
I have a question. What is PADI? I mean as a company. Other than paying them every year, I know nothing about the company. Who owns it? Is it publicly traded? Hank
What is PADI?
- Thread starter Hank49
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miketsp
Contributor
gj62
Contributor
Why do you pay them every year? Are you an instructor? Or do you have dive insurance through them? Otherwise, unless you are pursuing specialties or further education, you have no reason to pay PADI.
chrisch
Contributor
PADI as best I can see is a publishing company. Its OWSI and upwards are mostly independent of PADI in terms of franchise fees etc. So I figure it makes most of its money from the publishing operations...
Oddly, that seems to me to be what it's good at if compared to some other agencies' manuals...
Chris
PS I maybe wrong - come on you 5star IDC centre owners what are the franchise fees? Can you tell or are you restricted by contract? Curious as might want to join you!
Oddly, that seems to me to be what it's good at if compared to some other agencies' manuals...
Chris
PS I maybe wrong - come on you 5star IDC centre owners what are the franchise fees? Can you tell or are you restricted by contract? Curious as might want to join you!
OP
Hank49
Contributor
gj62:
I'm an instructor.
OP
Hank49
Contributor
miketsp:
Thanks for the info. However, it still seems rather mysterious to me. I guess it just seems to me that a company so large would have financial statements, share values, yearly earnings etc etc.
gj62
Contributor
Are you serious? As a private company there is no requirement to share that information publicly. Here in the states, there are very large privately held corporations - much larger than PADI.Hank49:
From the PADI Website:
"PADI Worldwide is a privately held corporation[...]"
The sharing of financial information is only required when the company is traded publicly, like on the US Stock Exchange.
PADI is probably better off as a privately held company because it is far less likely that the company would be taken over by a competitor. And in this industry, less competition is the worse thing that could happen to divers.
"PADI Worldwide is a privately held corporation[...]"
The sharing of financial information is only required when the company is traded publicly, like on the US Stock Exchange.
PADI is probably better off as a privately held company because it is far less likely that the company would be taken over by a competitor. And in this industry, less competition is the worse thing that could happen to divers.
OP
Hank49
Contributor
gj62:
I see your point. I guess it just seems strange....I mean, as an instructor you're kind of a technical sales rep for PADI. And I don't know anything about the company I represent. Maybe the owners are Nazis. It's like, "shut up and pay your dues....and buy more PICs". Oh well...
gj62
Contributor
A "sales rep" in most private companies does not get access to financial info - heck, you could up and leave for NAUI tomorrow and share that data!Hank49:
If you are so concerned, why don't you email them and ask for the political affiliations of the owners? Of course, even a public company isn't required to divulge that information...
