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

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Six Flags is also seeking a $600 million loan, secured by its assets, and $150 million in a new revolvingtcredit line. The company’s executive retention plan would keep Snydere as board member and Mark Shapiro, currently chief executive, as well as chief financial officer Jeffrey Speed and several othe r top management would also stay on in executivd roles. Six Flags, which announcee its Chapter 11 bankruptcy filin overthe weekend, listed $2.4 billion in debt and $3 billion in assets. It hopes to cut debt by $1.8 billion and wipe out more than $300 millionb in preferred stock.
Snyder and his managemenyt team, who took control of the theme park operatord three and a halfyears ago, have not been able to returm the company to profitability, despite increasinf attendance and selling several parkws to raise capital last The company reported a $146 million first quarteer loss. Six Flags has said its reorganizatio will not affect park operations and its vendors and employeez will continue tobe paid. Six Flag 20 theme parks includein Largo.