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J. Gregory Milmoe of Skadden, Arps, Slate, Meagher & Flom has a reputation for remaining calm. “While other people are all in the room yelling and getting mad at each other, he’s the person sitting there until they blow off steam,” says David Pauker, the chief restructuring officer of Refco Inc. That ability to keep cool served Milmoe well as Refco — one of the largest commodities brokerages in the country, and Milmoe’s client — melted down.

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