OTHER NEWS - April 11, 1992

More Changes at Olympia & York: A reshuffling of the top ranks of property giant Olympia & York Developments Ltd. may signal that the firm will make stiff demands on its nearly 100 creditor banks when it opens its books Monday. Steve Miller, who guided Chrysler Corp. through near-bankruptcy in the 1980s, appears to have taken a more prominent role as head of the company’s debt restructuring committee. About two weeks ago, Miller was named vice chairman of a planning and finance committee for O & Y, which has as much as $20 billion in debt. The status of Thomas Johnson, appointed March 24 as president of O & Y, privately held by the Reichmann brothers, is said to be in doubt.