The Corporate Divorce that has Careened From Bedroom to Boardroom to Courtroom

For someone who has made a fortune trading in words, Liz Elting can be remarkably tight-lipped. But the 50-year-old cofounder of TransPerfect, one of the world’s largest translation firms, is acting under lawyers’ orders. Her attorneys don’t want her saying much about the messy corporate divorce she’s been embroiled in with her co-CEO and onetime fiancé, Phil Shawe. Nor do they want reporters at TransPerfect’s Park Avenue headquarters, where she shares a floor with Shawe, the day before she’s due to face him in a Delaware court over the future of their company.