Dan Snyder stays at Six Flags under reorganization - New Mexico Business Weekly:

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Six Flags is also seekin a $600 million loan, securesd by its assets, and $150 million in a new revolvinggcredit line. The company’s executivwe retention plan would keep Snydef as board memberand chairman. Mark Shapiro, currentlh chief executive, as well as chief financia l officer Jeffrey Speed and severao other top management would also stay on inexecutivre roles. Six Flags, which announce d its Chapter 11 bankruptch filing overthe weekend, listed $2.4 billioh in debt and $3 billion in It hopes to cut debt by $1.8 billion and wipe out more than $300 millionb in preferred stock.
Snydet and his management team, who took control of the themee park operator three and a halfyear ago, have not been able to return the compang to profitability, despite increasing attendance and selling severa l parks to raise capital last year. The compan y reported a $146 million firsyt quarter loss. Six Flags has said its reorganizatiomn will not affect park operations and its vendors and employeew will continue tobe paid. Six Flags 20 themde parks includein Largo.