Tag Archive | "manager"

Flint manager warns of bankruptcy over retiree costs

Bloomberg News – Flint may be Michigan’s second city to plunge into bankruptcy unless retirees accept cuts in health benefits that threaten to unravel a balanced budget, Emergency Manager Darnell Earley said. “If Flint were to go to bankruptcy, that would highlight that this legacy-cost problem has to be addressed more globally,” said Eric Scorsone, […]

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Lincoln Park gets emergency manager after rejection of consent agreement

After the governor confirmed the review team’s financial emergency designation, Lincoln Park’s city council voted to pursue a consent agreement with the state, one of four options under state law, the other choices being emergency management, bankruptcy or mediation. But the council in a 4-3 vote rejected a consent agreement that was drafted, and state […]

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Snyder appoints emergency manager for Lincoln Park

Snyder appoints emergency manager for Lincoln Park

Bloomberg News – Gov. Rick Snyder appointed an emergency manager for Lincoln Park, which has struggled with deficits and rejected an agreement to bring its finances under control. Four other Michigan cities and three school districts, including Detroit and its schools, are under state-appointed emergency managers. A 2012 law gave emergency managers broader authority, including […]

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Detroit Tigers blow big scoring chance in seventh inning, manager Brad Ausmus explains decisions

With the game-tying run at the plate, Tigers manager Brad Ausmus could’ve asked Ian Kinsler to pinch-hit for infielder Andrew Romine, who was due up after Eugenio Suarez. Full News here – Ann Arbor mobile sports

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Detroit Deputy Emergency Manager Stacy Fox hired as DuPont general counsel, will leave position Oct. 1

Just under a year after being named Detroit’s deputy emergency manager, Stacy Fox will step down from her position Oct. 1 to take a job with chemical giant DuPont. Fox, who couldn’t be immediately reached for comment, was appointed as Detroit Emergency Manager Kevyn Orr’s deputy last October. She was announced as DuPont’s new senior vice president and […]

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Crain

Crain’s week in news, May 31-June 6: Wayne State names biz school dean; Pistons announce general manager

Crain’s staff – Wayne State names biz school dean; Pistons announce general manager Full News here – Crain’s Detroit Business – Latest Detroit News

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Fund Manager Sets Goats Grazing in Blighted Detroit

Fund Manager Sets Goats Grazing in Blighted Detroit To most of the world, the solution to debt-ridden Detroit is money. But for one hedge fund manager, it's goats. Mark Spitznagel, the founder of the $ 6 billion hedge fund Universa Investments, on Thursday brought 20 goats to graze among abandoned homes … Full News here – […]

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Fund Manager Sets Goats Grazing in Blighted Detroit

Fund Manager Sets Goats Grazing in Blighted Detroit To most of the world, the solution to debt-ridden Detroit is money. But for one hedge fund manager, it's goats. Mark Spitznagel, the founder of the $ 6 billion hedge fund Universa Investments, on Thursday brought 20 goats to graze among abandoned homes … Full News here – […]

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Pistons introduce Jeff Bower as general manager

Stan Van Gundy wants personnel decisions to be a collaborative process for Detroit’s new front office. Full News here – Sports | WXYZ

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Pistons name Jeff Bower general manager

The Detroit Pistons have named Jeff Bower their new general manager. Full News here – Sports | WXYZ

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Detroit emergency manager warns 'cuts will be severe' if pensioners reject

Detroit emergency manager warns 'cuts will be severe' if pensioners reject … MACKINAC ISLAND — City of Detroit retirees considering whether to approve the grand bargain that eases pension cuts and spares the works at the Detroit Institute of Arts should have no illusions or false hopes about what a “no” vote could mean, … Full […]

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Ask David: Detroit Pistons’ structure taking shape but who will general manager be?

Stan Van Gundy has reached to his Orlando past for a couple of assistant coaches, so following through on his stated preference for former Magic G.M. Otis Smith would come as no surprise. Full News here – Ann Arbor mobile sports

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Struggling Detroit Tigers routed by Oakland A’s one day after manager Brad Ausmus addressed team

Ausmus called the loss Monday the most disappointing during the current rough stretch for the Tigers. Torii Hunter put it succinctly. “The last seven days we’ve been getting crushed,” Hunter said. Full News here – Ann Arbor mobile sports

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Stephen Henderson: Detroit Lions' only hope? An emergency manager!

Stephen Henderson: Detroit Lions' only hope? An emergency manager! When local government officials spend years fouling up finances or management, state government sends an all-powerful EM to straighten things out. Sometimes it works. Other times, it just ushers in the inevitable, like with the bankruptcy here in Detroit. Full News here – Read more on […]

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Detroit Emergency Manager Kevyn Orr expects to go back to Lansing in push for $350 million

“We’re probably going to have to go up and have some additional time in Lansing.” Full News here – Detroit News

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