Paul Toback is an

Illinois Illinois ( ) is a U.S. state, state in the Midwestern United States, Midwestern United States. Its largest metropolitan areas include the Chicago metropolitan area, and the Metro East section, of Greater St. Louis. Other smaller metropolita ...

attorney who served as chief executive officer and chairman of the board of Bally Total Fitness Corporation from December, 2002 until August 11, 2006, prior to the company's

Chapter 11 bankruptcy Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whe ...

filing in 2007. He received a lump sum payment for more than $3 million, and the vesting of 135,000 shares of restricted stock upon his resignation. Seven months before his resignation, Toback ceded effective control of the Bally board of directors to John Rogers, chief executive of Ariel Capital Management, who was named as "lead director." Prior to his resignation, Toback alleged that major Bally shareholder Emanuel Pearlman of Liberation Investments and former Bally CEO Lee Hillman were behind calls for his ouster, which Pearlman and Hillman denied. According to Bally's 2003

Securities and Exchange Commission The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. The primary purpose of the SEC is to enforce the law against market ...

10-K report, Toback served as the director of administration for the then-mayor of

Chicago (''City in a Garden''); I Will , image_map = , map_caption = Interactive Map of Chicago , coordinates = , coordinates_footnotes = , subdivision_type = Country , subdivision_name ...

Richard M. Daley Richard Michael Daley (born April 24, 1942) is an American politician who served as the 54th mayor of Chicago, Illinois, from 1989 to 2011. Daley was elected mayor in 1989 and was reelected five times until declining to run for a seventh term ...

until 1993. After 1993 he became the executive assistant to the chief of staff

Mack McLarty Thomas Franklin "Mack" McLarty, III (born June 14, 1946) is an American business and political leader who served as President Bill Clinton's first White House Chief of Staff from 1993 to June 1994, and subsequently as Counselor to the Presiden ...

, who served under President

Bill Clinton William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and agai ...

, for the next two years, where he worked on the

North American Free Trade Agreement The North American Free Trade Agreement (NAFTA ; es, Tratado de Libre Comercio de América del Norte, TLCAN; french: Accord de libre-échange nord-américain, ALÉNA) was an agreement signed by Canada, Mexico, and the United States that crea ...

. From 1995 to mid-1997, he was also the

COO COO or coo may refer to: Business * Certificate of origin, used in international trade * Chief operating officer or chief operations officer, high-ranking corporate official * Concept of operations, used in Systems Engineering Management Process ...

of a private company known as Globetrotter Engineering in Chicago. In 1997 he began to work at Bally.

References

{{DEFAULTSORT:Toback, Paul American chief executives Living people Lawyers from Chicago Stanford University alumni University of Chicago Law School alumni American Jews Clinton administration personnel Illinois Democrats Businesspeople from Chicago American chief operating officers Year of birth missing (living people)