Commentary: Stables and Stability
<i>By Ray Paulick</i> - The revolving door at Magna didn't start with Neuman. Since Stronach formed Magna Entertainment in February 2000, there have been six CEOs.
Keyword: Michael Neuman
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Neuman Out as CEO of Magna Entertainment
Michael Neuman, who was hired in late February as the chief executive officer of Magna Entertainment Corp., is leaving the company, it was announced June 22.
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Stronach Tells CHRB He'll Use $24M on Upgrades
Trying to undo the negative fallout over comments by his company's new CEO, Magna Entertainment founder Frank Stronach pledged $24 million for installation of synthetic racing surfaces at Santa Anita Park and Golden Gate Fields as well as much needed refurbishing of the Santa Anita barn area.
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Magna Unwilling to Fund Santa Anita Barn Project
Magna Entertainment Corp. is willing to spend tens of millions for its upscale commercial development, The Shops at Santa Anita, in the track parking lot, but nothing to fix up the dilapidated barn area, the California Horse Racing Board learned during its meeting in Sacramento May 22.
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Magna Packaging Properties to Drive Down Debt
Officials with Magna Entertainment spent a good deal of time May 9 highlighting the company's continued attack on staggering debt, and how it will correct an admittedly disappointing start for the slots operations at Gulfstream Park.
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Competition Heats Up as TVG Expands Distribution
TVG has a new distribution agreement with DIRECTV that will make the network available to an additional eight million subscribers of the satellite service.
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Magna Would Consider Selling Training Centers
Amid news of improvement on operating losses and increased revenues, officials with Magna Entertainment also said during an earnings conference call March 5 that selling off prominent training centers in both California and Florida was within the realm of possibility.
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Shubeck, Hail, Newman Appointed to Leadership Positions at Lone Star
Magna Entertainment has named Drew Shubeck president and general manager of Lone Star Park at Grand Prairie. In addition, G.W. Hail and Paula Newman have been promoted to vice-president and assistant general manager.
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Magna Entertainment Names CEO, Director
Michael Neuman was named Magna Entertainment's new chief executive officer and Charlie J. Williams was appointed to the company's board of directors, it was announced Feb. 27.
