Former U.S. auto czar Ron Bloom to advise Detroit retirees -sources
DETROIT, Sept 19
DETROIT, Sept 19 (Reuters) - Ron Bloom, who helped lead the Obama administration's restructuring of the U.S. auto industry in 2009, is advising Detroit retirees who face benefit cuts in the city's bankruptcy, people familiar with the matter said on Thursday.
The nine-member Detroit retiree committee, which represents 23,500 Detroit public sector retirees, hired investment bank Lazard Ltd, where Bloom is now vice chairman, the sources said, declining to be named because the information is confidential.
The committee also hired benefits consulting firm The Segal Company, one of the sources said.
Bloom and Bill Nowling, a spokesman for the city of Detroit, did not immediately respond to comment.
- Obama and Castro shake hands, Zuma humiliated at Mandela memorial |
- Google bus blocked in San Francisco gentrification protest
- Reporter can keep sources secret in Colorado theater shooting: court
- Thai PM urges protesters to take part in election |
- U.S. regulators seek to curb Wall St. trades with Volcker rule