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Reading List: Detroit gets Kevyn Orr as its emergency manager

Detroit Mayor Dave Bing Speaks at Emergency Manager Press Conference

OK. That’s that. Kevyn Orr is Detroit’s emergency financial manager. How he does this job will decide Detroit’s future.

The introductions are over. Now comes the work. Orr calls the task ahead of him the “Olympics of restructuring.” That would be an apt description. He should know since he played a key role in Chrysler’s restructuring, which was no small feat.

Detroit Emergency Manager Kevyn OrrOrr won’t be alone in this Olympics. Mayor Dave Bing has promised to work with him and challenged others to put aside the fighting and get onboard the working wagon. If that happens Orr said he believes restructuring can be done in less than 18 months. Both men agree this could be one of the greatest turnarounds in history.

Orr gets to work March 25 and will be paid a salary of $275,000 from the state.

Below you’ll find some of the best tweets and coverage around the web about the announcement and the emergency manager situation.

 


Kevyn Orr becomes Emergency Manager of Detroit

Storified by DetroitUnspun – The Detroit Regional News Hub· Thu, Mar 14 2013 17:12:35

Detroit’s New Boss Says ‘We Can Rise From The Ashes’In his history-making appointment Thursday of Kevyn Orr as Detroit’s emergency financial manager, Gov. Rick Snyder has embarked on an unc…
Gov. Rick Snyder Wants Kevyn Orr to Run DetroitRejecting an appeal by some Detroit leaders, Gov. Rick Snyder of Michigan said Thursday that his administration was proceeding with plans to send an emergency manager to run the state’s largest city, and that he favors a lawyer who worked on Chrysler’s bankruptcy proceedings for the job.
Special Coverage: Detroit Emergency Manager Announcement and ReactionSpecial Coverage of EFM Announcement Governor Rick Snyder announced the appointment of an Emergency Financial Manager for Detroit. Craig Fahle and News Director, Jerome Vaughn, host special coverage of the announcement and speak with experts, stakeholders and listeners about the decision.
Detroit emergency manager Kevyn Orr: City is ‘the Olympics of restructuring’Kevyn Orr recognizes turning around Detroit will be the toughest assignment he’s undertaken during three decades as a restructuring specialist, but that’s why he wants the job. "This is the Olympics of restructuring," Orr said in an exclusive interview with me prior to today’s announcement of his appointment as Detroit’s emergency manager by Gov.
Gov. Rick Snyder and Detroit EFM Kevyn Orr: How they metDETROIT – Gov. Rick Snyder and newly appointed Detroit Emergency Financial Manager Kevyn Orr met each other one winter decades ago when they were both rambunctious youths. They’ve known each other only as acquaintances, not friends, said Sara Wurfel, Snyder’s press secretary. "They apparently met back in the 80s," she said after Orr’s confirmation Thursday.
Snyder names Kevyn Orr as his choice for Detroit’s Emergency Financial ManagerDETROIT (AP) — A bankruptcy expert who represented automaker Chrysler LLC during its successful restructuring has been chosen to steer D…
Orr Named Detroit’s Emergency Manager by Michigan GovernorMichigan Governor Rick Snyder named Washington lawyer Kevyn Orr as emergency manager to lead Detroit out of a financial crisis that threa…
Detroit City Council decides not to file lawsuit over appointment of emergency financial managerThe Detroit City Council has decided not to fight the appointment of an emergency financial manager for the city.
Snyder’s Pick For Detroit Emergency Manager Has Bankruptcy, Big 3 ExperienceMichigan Gov. Rick Snyder has been considerably tight-lipped about his pick for Detroit’s emergency financial manager. But on Thursday he…
Editorial: Gov. Snyder makes the right decision for DetroitersThis is the right move. Because it’s the only move for Detroit, and especially for Detroiters. Gov. Rick Snyder’s decision to proceed with the appointment of an emergency financial manager is the only way, at least now, to dig the city out of one of the deepest fiscal holes in the free world.
Goss on EFM: A step for stabilityEditor’s note: Skillman Foundation President & CEO Carol Goss was invited to Gov. Rick Snyder’s announcement Thursday appointing Kevyn Or…
Kevyn Orr on Serving as Emergency Financial Manager for Detroit
Statements available from elected city officials
I see this as an… | FacebookMayor Dave Bing wrote: I see this as an opportunity to turn… Join Facebook to connect with Mayor Dave Bing and others you may know.
Statement on Emergency Financial Manager Appointment for Detroit | FacebookGary Brown wrote a note titled Statement on Emergency Financial Manager Appointment for Detroit. Read the full text here.
The C-FilesStatement on the State of Michigan’s decision to deny City Council’s appeal and of By Councilman Kenneth V. Cockrel, Jr. Governor Snyder’…
Tweets
Packed room today for @onetoughnerd’s #Detroit #EFM announcement. http://instagr.am/p/W2OzbcqrYN/Nancy Kaffer
Really shocking to see Dave Bing standing next to Snyder. #EFMChristopher Wensley
"This is a problem that has now reached a true crisis point. In many respects, this is a sad day…" #EFM #Detroit #SnyderElizabeth Bastian
Gov. announces Orr as his choice for Emergency Financial Manager. #Detroit @mayordavebing by his side. @FOX2News http://pic.twitter.com/sInywBOUUGAlexis Wiley
"This is not asking anyone to step aside (City Council) its about saying all hands on deck.": -Snyder #Detroit #EFMLynn Haliburton
Snyder says he wants his children to grow up in Detroit, be near where he lives. #Detroit #EFMROCHELLE RILEY
Would rather have an #EFM than go bankrupt and the lazy Detroit city council was going nowhere!Tyson Williams
Orr: This is the Olympics of restructuring. #wdetnews #efmJerome Vaughn
#Detroit #EFM candidate Kevyn Orr had choice to move to Miami or here to restructure… And he chose here. That’s a Detroit kind of crazy.Nancy Kaffer
"It was clear to me Detroit was at a financial crisis" when he took office says Bing #EFMDetroit News Hub
Soon to be #EFM Kevyn Orr addresses the pressDetroitUnspun
No surprises in Gov. Snyder’s #EFM announcement. Detroit must brace for a new reality.Ken Cockrel Jr.
"I don’t think the citizens care at this point who is mayor, council, they just want things fixed" -Bing #EFMDetroit News Hub
The most historic day in Detroit I may ever see. I feel very good about Kevyn Orr and am optimistic about our future. #detroit #efm #history #turningpointNicholas Mukhtar
Emergency Manager Robert Bobb ran #Detroit schools further in the ground. We don’t have a good history with #EFM here.Dawud Walid
I’ve now heard it all. An EFM protest song set to Besame Mucho. Yes, this will make the 5pm #DetroitEFMMara MacDonald
Kevin Orr will make $275,000 as #Detroit #EFM. By contrast, @mayordavebing’s salary is $158,000. http://www.hourdetroit.com/Hour-Detroit/February-2012/Pay-for-Pols/Micheline Maynard
Lots of restructuring experts, law profs will be watching Kevyn Orr’s path as #Detroit #EFM. Unprecedented out of court effort.Micheline Maynard
Thankful for @CraigFahle & @wdet w/ live coverage of #EFM announcement and post reaction. #Detroit needs more radio like this.Christy McDonald
@garyglx5 Agree. Amazing week – definitive end to Kwame K. era – and w/ #EFM definitive beginning of future Detroit.Christy McDonald
Orr will move to Detroit from Chevy Chase, MD. His wife is a surgeon at Johns Hopkins. #DetroitEFMJay Scott Smith
Kevyn Orr will be paid $275K per/year to be #DetroitEFM. State funded.Jay Scott Smith

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