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Stock impact report

Steve Soboroff bows out as L.A. fire recovery czar, with some parting shots [Los Angeles Times (CA)]

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about why Mayor Karen Bass chose him and whether rebuilding from the Palisades fire is on track. The idiosyncratic longtime civic leader, who has a penchant for speaking his mind and little patience for stuffed-shirt protocol, was hired for a three-month term at a salary of $500,000, to be funded by nonprofits. But Soboroff agreed to work for free after searing rebukes from Pacific Palisades residents and others. Soboroff — whose position was announced with fanfare in mid-January — was initially tasked with creating a comprehensive strategy for rebuilding, but his role was soon dramatically scaled back. “They haven't asked me to do anything in a month and a half, nothing, zero,” Soboroff said Tuesday in a free-wheeling, 90-minute exit interview with The Times. But, he insisted, he has still worked long hours helping the Palisades rebuild from a fire that killed 12 people and destroyed nearly 7,000 homes and other structures. He has functioned as a fixer of sorts, drawing on hi Show less Read more
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