Wednesday, November 11, 2009

Money & Business

Meet Mr. Fixit

Big fees and campaign gifts dog a bankruptcy guru

By Megan Barnett
Posted 4/27/03
Page 5 of 5

Cooper helps decide which creditors Enron pays back--and how much they receive.

INVESTORS

Investors in Catalyst Equity Partners include:

Citibank

First Union

FleetBoston

General Electric Capital Corp.

ING Baring

JP Morgan Chase

CREDITORS

Enron's major creditors include:

Citibank

First Union

FleetBoston

General Electric Capital Corp.

ING Baring

JP Morgan Chase

Source: U.S. Bankruptcy Court records

Bankruptcy pays

Rebound

Turnaround artist Stephen Cooper commands top dollar for trying to bring failed companies back to life.

CLIENTS ESTIMATED FEES

Enron $20.0 mil.

Laidlaw $17.5 mil.

Washington Group International $5.7 mil.

Polaroid $3.4 mil.

Note: Enron fee is per year. Fees are for work done by Cooper and associates at his firms.

Source: U.S. Bankruptcy Court records

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