Welcome to ScubaBoard, an online scuba diving forum community where you can join over 205,000 divers diving from around the world. If the topic is related to scuba diving, this is the place to find divers talking about it. To gain full access to ScubaBoard (and make this large box go away) you must register for a free account. As a registered member you will be able to:

  • Participate in over 500 dive topic forums and browse from over 5,500,000 posts.
  • Communicate privately with other divers from around the world.
  • Post your own photos or view from well over 100,000 user submitted images.
  • Gain access to our free classifieds marketplace to buy, sell and trade gear, travel and services.
  • Use the calendar to organize your events and enroll in other members' events.
  • Find a dive buddy or communicate directly with scuba equipment manufacturers.

All this and much more is available to you absolutely free when you register for an account, so sign up today!

NEW for 2014 Access SBlogbook for members. It allows you to directly upload data from your dive computer, validate your logs digitally, link your dives to photos, videos, dive centers (9,000 on file), fishes (14,000 on file) and much more.

If you have any problems with the registration process or your account login, please contact the ScubaBoard Support Team.
Page 1 of 2 12 LastLast
Results 1 to 10 of 17
Like Tree2Likes

Thread: Who owns Padi?

 

  1. #1
    Registered


    Has not set a "status"
     

    Elkfriend's Avatar
    Join Date
    Jun 2009
    Location
    calgary, canada
    Posts
    54
    Dives
    100 - 199

    Who owns Padi?

    Who owns Padi and what happens with the profits?

  2. #2
    ScubaBoard Business Sponsor
    Please visit our Sponsor Page!

    Nuclear Engineer at Spree
     

    Wookie's Avatar
    Join Date
    Jan 2003
    Location
    Key West, FL
    Posts
    5,842
    Photos
    1
    PADI is a privately traded, for profit corporation. It is owned by the shareholders, and the profits go to them. If you are asking who owns the shares, that's kind of like asking who owns General Electric, and where do the profits go.

    I would guess that some shares are owned by the officers of PADI, the rest being held by the Cronin and Erikson families or estates.
    Capt Frank Wasson
    M/V Spree
    www.spreeexpeditions.com

  3. #3
    Registered


    has a favorite
    arboreal rodent.
     

    Join Date
    Jun 2006
    The prior statement is a bit of an oxymoron as privately held companies rarely "trade" their stock. The comparison to General Electric is off-base since companies with publicly traded equities are required to report significant information regarding institutional investors and insider stock ownership. Also, the stock of privately held corporations such as PADI is generally closely held by a small number of investors, unlike a monolithic multinational such as GE, which has thousands of stockholders and must account for the disposition of certain profits inasmuch as they are required to disclose executive compensation and dividends.

    Regarding PADI's Ownership and Subsidiary / Affiliate Structure:

    PADI Worldwide is a privately held corporation guided by a Chief Executive Officer (CEO) and officers and directors comprising the Worldwide Executive Committee. The PADI Worldwide group includes seven service offices, some of which are wholly owned subsidiaries, while others are licensees. PADI Worldwide manages the long range planning and global marketing for the organization while the officers, managers and staff at each PADI Office conduct the day-to-day business activities that support PADI programs and provide services to PADI Members. PADI Members influence corporate decisions by sharing their opinions through advisory boards, member forums and responding to surveys sent out by PADI Worldwide or PADI Offices. PADI Worldwide is also affiliated with several companies, foundations and organizations that provide additional services to PADI Members and to the dive industry. Corporate affiliates include the PADI Travel Network which provides travel services and Diving Science and Technology (DSAT) Corp. which develops educational and promotional products and programs. The PADI Diving Society is an affiliated organization for underwater enthusiasts that encourages active participation in diving. The Project AWARE Foundation and the PADI Foundation are nonprofit organizations established by PADI to support environmental and educational efforts through grant programs and other efforts.


    (Source: NCPAD, NCPAD:Organizations by Location Accessed on 14-Apr-10)

  4. #4
    Registered


    has no class.
     

    Rhone Man's Avatar
    Join Date
    Apr 2008
    Location
    Hong Kong
    Posts
    6,037
    Dives
    1,000 - 2,499
    Photos
    30
    I have always had this theory that PADI doesn't make nearly as much money as everyone likes to pretend on SB. Otherwise it surely would have had a splashy IPO before now and the original founders would have cashed out.
    Rhone Man
    British Virgin Islands

    Sterling Divers - saluting the pioneers of modern technical diving.

    British Virgin Islands diving guide on WikiTravel - written mostly by me.

    [Life] ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward.” — Sylvester Stallone - Rocky Balboa (2006)

  5. #5
    Registered


    Has not set a "status"
     

    Dhboner's Avatar
    Join Date
    Oct 2009
    Location
    Toronto
    Posts
    759
    Dives
    200 - 499
    I heard "Apple" recently bought "PADI" and are renaming it "IPAD"

    (Sorry...long day at work).

    Bob
    drbill and triplecove like this.
    Happily stirring the pot since 1958!

  6. #6
    Registered


    Muppet
     

    ianr33's Avatar
    Join Date
    Sep 2002
    Location
    Wah Wah Land
    Posts
    5,165
    Dives
    200 - 499
    ......................

  7. #7
    Regular of the Pub


    snarky commentor
     

    mike_s's Avatar
    Join Date
    Apr 2004
    Location
    SouthEast USA
    Photos
    17
    Quote Originally Posted by Rhone Man View Post
    I have always had this theory that PADI doesn't make nearly as much money as everyone likes to pretend on SB. Otherwise it surely would have had a splashy IPO before now and the original founders would have cashed out.
    I'm not sure that people/investors (as a whole, most who are non divers) would see a dive certification agency (regardless of agency name) as something worthy of doing large scale "public offering" investments in.

    Even less so "today" with LDS sales and certifications being drastically down.

  8. #8
     


    SEI/CMAS Instructor Trainer
     

    Walter's Avatar
    Join Date
    Sep 2000
    Location
    Lehigh Acres, Florida
    Posts
    18,628
    Photos
    24
    Quote Originally Posted by Dhboner
    I heard "Apple" recently bought "PADI" and are renaming it "IPAD"

    (Sorry...long day at work).

    Bob
    Finally, a funny (sorta) play on PADI's name.
    The Devil's in the details.

    Disclaimer: All discussion of value, by me or anyone else, is opinion.

    For a comprehensive approach to diving education, check out Scuba Educators International (SEI) Diving.

  9. #9
    Registered


    Has not set a "status"
     

    Dhboner's Avatar
    Join Date
    Oct 2009
    Location
    Toronto
    Posts
    759
    Dives
    200 - 499
    Quote Originally Posted by Walter View Post
    Finally, a funny (sorta) play on PADI's name.
    "sorta"...What does a guy have to do to earn a chuckle?

    Cheers!

    Bob
    Happily stirring the pot since 1958!

  10. #10
    Registered


    has no class.
     

    Rhone Man's Avatar
    Join Date
    Apr 2008
    Location
    Hong Kong
    Posts
    6,037
    Dives
    1,000 - 2,499
    Photos
    30
    Quote Originally Posted by mike_s View Post
    I'm not sure that people/investors (as a whole, most who are non divers) would see a dive certification agency (regardless of agency name) as something worthy of doing large scale "public offering" investments in.

    Even less so "today" with LDS sales and certifications being drastically down.
    Today it would be sheer madness, but in days of yore when PADI could point to 15% annual growth in certifications and had good global brand awareness, you could usually wring an IPO out of that, especially on the small cap markets - unless your balance sheet was tiny.

    Concepts like actually making a profit were certainly not a requirement for an IPO during the dot com years or the 'new economy' years.

    I don't know, but my guess is that the reason it didn't happen was that the turnover and balance sheet were just too small to take seriously.
    Rhone Man
    British Virgin Islands

    Sterling Divers - saluting the pioneers of modern technical diving.

    British Virgin Islands diving guide on WikiTravel - written mostly by me.

    [Life] ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward.” — Sylvester Stallone - Rocky Balboa (2006)

Page 1 of 2 12 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •