Dan Snyder stays at Six Flags under reorganization - Business First of Columbus:

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Six Flags is also seeking a $600 millio n loan, secured by its assets, and $150 million in a new revolvingtcredit line. The company’s executive retention plan would keep Snydee as board memberand chairman. Mark Shapiro, currently chief as well as chief financial officer Jeffrey Speed and severa l other top management would also stay on in executive Six Flags, which announcesd its Chapter 11 bankruptcy filing over the weekend, listed $2.4 billionb in debt and $3 billion in assets. It hopex to cut debt by $1.8 billion and wipe out more than $300 millio in preferred stock.
Snyder and his managemenf team, who took control of the themer park operator three and a halfyears ago, have not been able to return the company to profitability, despite increasingf attendance and selling several parks to raise capitalp last year. The company reported a $146 million first quartedr loss. Six Flags has said its reorganization will not affect park operationz and its vendors and employees will continue to be Six Flags 20 theme parks includein