Critical Path: On the Comeback Trail

CEO William McGlashan Jr. tells how he straightened the books and soothed creditors. Next: Win back the Street's trust

When William E. McGlashan Jr. was hired to help turn around Internet messaging company Critical Path (CPTH ) in April, 2001, the company's chances of survival looked slim at best. Shunned by Wall Street, the stock was trading at 24 cents and faced delisting by Nasdaq.

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