Word: proffitt
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Dates: during 2000-2009
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Luckily, Wilson still had some of that Forstmann Little cash lying around. He called an old Citadel hand, the fortunately named Bob Proffitt, and found a local private-equity firm, Endeavour Capital, that was willing to back Wilson's new venture, Alpha Broadcasting. It paid $11 million for Paul Allen's Portland stations--Allen bought them for about $50 million. Experts say the price premium for radio stations has fallen from 20 times earnings to eight times...
Harder hit by the attacks were law firms and insurance companies--paper-intensive businesses whose critical documents scattered like confetti. "We lost bound volumes, transaction documents, correspondence files," says Jack Williams, a managing partner at the law firm Thacher, Proffitt & Wood, which lost its offices on floors 38 to 40 at 2 World Trade Center. New scanning technology could mitigate those losses in the future: the latest optical-character-reading scanners, produced by Hewlett-Packard and Canon, can create digital archives of documents, enabling them to be accessed as CD-ROMs. "We've purchased additional scanners since the attacks...
...Kemper Insurance Co., 800-622-9966 Lee Hecht Harrison, 201-782-3704 Marsh & McLennan (includes related businesses of Mercer, Guy Carpenter, Seabury & Smith and MMC Enterprise Risk), 1-212-345-6000 Maxcor Financial Group, 212-317-1000 Morgan Stanley, 888-883-4391 Pitney Bowes, 800-932-3631 Thacher, Proffitt, & Wood...