Mr. Kornstein is a managing member of Alpine Advisors LLC, a strategic, management and financial consulting firm, since 2002. Mr. Kornstein has also served as chairman of the board of Bally Total Fitness Holding Corporation, a full-service commercial operator of fitness centers, since October 2007. At Bally Total Fitness Holding Corporation, he was interim chairman of the board from 2006 to October 2007 and chief restructuring officer from May 2007 to October 2007. In July 2007, Bally Total Fitness Holding Corporation and substantially all of its domestic affiliates filed voluntary petitions for relief commencing reorganization cases under Chapter 11 of the United States Bankruptcy Code. Under a pre-packaged Chapter 11 Plan of Reorganization, these entities completed the bankruptcy reorganization in October 2007 when it was sold to a private investment firm. Prior to Alpine Advisors LLC, Mr. Kornstein served as chief executive officer, president and a director of Jackpot Enterprises, Inc., an NYSE-listed company engaged in the gaming industry. He was also a senior managing director in the investment banking department of Bear, Stearns & Co. Inc. Mr. Kornstein has been a director of the company since 2008. His present term will expire in 2010 |