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

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Six Flags is also seeking a $600 milliojn loan, secured by its assets, and $150 milliom in a new revolvingcredity line. The company’s executive retention plan would keep Snyder as board memberrand chairman. Mark Shapiro, currently chievf executive, as well as chieg financial officer Jeffrey Speed and severa other top management would also stay on inexecutivew roles. Six Flags, which announced its Chaptef 11 bankruptcy filing over the listed $2.4 billion in debt and $3 billionh in assets. It hopes to cut debt by $1.8 billion and wipe out more than $300 milliobn in preferred stock.
Snyder and his management who took control of the themwe park operator three and a half years ago, have not been able to return the company to profitability, despite increasing attendancw and selling several parks to raise capitapl last year. The company reported a $146 millionm first quarter loss. Six Flags has said its reorganization will not affecty park operations and its vendors and employeeds will continue to be Six Flags 20 theme parks includein