Pete Correll dipping toe – and making calls – for mayor race
Tuesday, August 26th, 2008Retired Georgia-Pacific Corp. Chairman and CEO and private equity honcho A.D. “Pete” Correll is the latest local bigwig said to be eyeing the Atlanta mayor’s race.
Correll, you will recall, took on the role earlier this year as savior of Grady Hospital, helping to manage the mostly bloodless power transfer from a community-based board to one headed by top business leaders. Under Correll’s guidance, the money-losing public hospital has been awarded a $200 million Woodruff grant and hired a new CEO.
We’d heard Correll mentioned before as a potential candidate for mayor, but frankly hadn’t given it much thought because of his advanced age – 68 – and the perception that he’s committed himself to resuscitating Grady, a project that could take the rest of his natural life.
So what would induce someone to voluntarily leave these perks behind and jump back into the job market? Well, in one case we can think of, the goal would be to trade a seat on the bench for the throne in City Hall.