He took a bankrupt operation losing an estimated $100 million before interest and taxes and turned it into a winner.
Shaw recently scooped up assets of a bankrupt peer operation and is expected to benefit from the proposed merger of the Entergy Corporation, a Louisiana utility, with the FPL Group of Florida.
Whit Ayers, a veteran pollster who serves on the board of the consultants' association, said in an interview that threats of fines — up to $1,000 for each time a voter is called by a polling firm — were enough to potentially bankrupt small polling operations.
The capacity to bankrupt the entire operation – the capacity for loss – is immense.
In April, the company bought bankrupt LTV Steel Corp.'s steel operations for $175 million and assumed about $150 million in debt.
Honoring Tickets If a bankrupt airline completely ceases operations, other airlines can choose to honor tickets on exactly the same route, for no more than a $25 fee.
In October, a $1.79 billion bid by a business linked to Beijing's municipal government to acquire the corporate jet and propeller plane operations of bankrupt Hawker Beechcraft in Wichita, Kan., fell apart over national security concerns in Washington.
A company led by financier Wilbur Ross has closed on its purchase of the European operations of bankrupt automotive parts supplier Collins & Aikman, without the participation of Lear, though the sides are still discussing a deal.
Despite the turmoil in financial markets, those rooms are still busy: Skadden recently represented Nomura in the purchase of international operations from bankrupt Lehman Brothers, and helped Citigroup sell its outsourcing business to India's Tata Consultancy Services for $505 million.
Barber Orchard was a commercial apple orchard from 1903 until the mid-1980s, when the operation went bankrupt and the land was parceled off for development.
