Always nice to read good things about Detroit…
Detroit Mayor Mike Duggan said he was honored but also surprised to be named to Fortune magazine’s list of the world’s 50 greatest leaders today, along with the city’s former emergency manager, Kevyn Orr, and General Motors CEO Mary Barra, a Motor City trifecta.
Duggan and Orr were praised for their handling of Detroit’s historic financial crisis and the aftermath of the city’s Chapter 9 bankruptcy.
“The nation’s largest-ever municipal bankruptcy could have been a disaster. It was anything but,” Fortune said. “Orr aggressively shrank the city’s obligations to bondholders and set the stage for a complete financial overhaul. In his first year in office, Duggan proved a driven and effective manager, installing over 20,000 new streetlights, shortening emergency response times, and balancing the city budget for the first time in over a decade.”