There is only one bankruptcy judge in White Plains, New York: Robert D. Drain, a former bankruptcy lawyer who has been on the bench for nearly two decades.
Is there any other business on earth where an owner can be as incompetent as Fred Wilpon and come away richer than ever?
For once, “shareholder value” is a secondary concern. And surprisingly, corporations have not responded to the downturn the way they normally do during hard times: with rounds of layoffs.
