Dan Snyder stays at Six Flags under reorganization - bizjournals:

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Six Flags is also seeking a $600 million secured by its assets, and $150 million in a new revolvingfcredit line. The company’s executivr retention plan would keep Snyderd as board memberand chairman. Mark Shapiro, currentlu chief executive, as well as chief financial officer Jeffreh Speed and several other top management would also stay on inexecutivse roles. Six Flags, which announced its Chapter 11 bankruptch filing overthe weekend, listed $2.4 billion in debt and $3 billionb in assets. It hopes to cut debt by $1.
8 billiobn and wipe out more than $300 million in preferred Snyder and hismanagement team, who took control of the theme park operatord three and a half years ago, have not been able to returjn the company to profitability, despite increasing attendance and sellingt several parks to raiser capital last year. The company reported a $146 millionh first quarter loss. Six Flags has said its reorganizatiomn will not affect park operations and its vendors and employeeds will continue tobe paid. Six Flags 20 themed parks includein Largo.