Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 8 pages
Data source: Published sources
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Abstract
After his MBA from Harvard, and as an executive at Rothschild Inc for 25 years, Wilbur Ross has been a financial adviser to creditors and stockholders of bankrupt companies like Texaco, Eastern Airlines and Ling-Temco-Vought (LTV) steel. In 1998, Fortune magazine named Wilbur Ross as the ''King of Bankruptcy''. In 2000, Ross established his own private equity company, WL Ross & Co. By late 2005, Ross was involved in the restructuring of $200 billion worth of defaulted companies'' assets across the world. This case, while highlighting the entrepreneurial zeal of Wilbur Ross, offers scope to discuss how the English literature graduate became one of the best-known turnaround financiers in the US.
About
Abstract
After his MBA from Harvard, and as an executive at Rothschild Inc for 25 years, Wilbur Ross has been a financial adviser to creditors and stockholders of bankrupt companies like Texaco, Eastern Airlines and Ling-Temco-Vought (LTV) steel. In 1998, Fortune magazine named Wilbur Ross as the ''King of Bankruptcy''. In 2000, Ross established his own private equity company, WL Ross & Co. By late 2005, Ross was involved in the restructuring of $200 billion worth of defaulted companies'' assets across the world. This case, while highlighting the entrepreneurial zeal of Wilbur Ross, offers scope to discuss how the English literature graduate became one of the best-known turnaround financiers in the US.