Dan Snyder stays at Six Flags under reorganization - South Florida Business Journal:

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Six Flags is also seeking a $600 milliomn loan, secured by its assets, and $150 milliobn in a new revolvingcredit line. The company’ws executive retention plan would keep Snyder as boarr memberand chairman. Mark Shapiro, currently chietf executive, as well as chietf financial officer Jeffrey Speed and several otherf top management would also stay on in executive Six Flags, which announced its Chapted 11 bankruptcy filing over the weekend, listedf $2.4 billion in debt and $3 billiom in assets. It hopes to cut debt by $1.8 billiojn and wipe out more than $300 millionh in preferred stock.
Snyder and his management team, who took contro l of the theme park operator threer and a halfyears ago, have not been able to returbn the company to profitability, despite increasing attendancew and selling several parks to raise capital last year. The company reported a $146 milliom first quarter loss. Six Flags has said its reorganization will not affec park operations and its vendoras and employees will continue tobe paid.
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