Wilbur Ross
Wilbur Ross
Wilbur L. Ross, Jr. is an American investor known for restructuring failed companies in industries such as steel, coal, telecommunications, foreign investment and textiles. He specializes in leveraged buyouts and distressed businesses. As of August 2014, Forbes magazine lists Ross as one of the world's billionaires with a net worth of $2.9 billion...
NationalityAmerican
ProfessionBusinessman
Date of Birth28 November 1937
CountryUnited States of America
america commercial evidence highly industry regulation save terrible
There is no evidence that more regulation makes things better. The most highly regulated industry in America is commercial banking, and that didn't save those institutions from making terrible decisions.
bank eggs employer geography goes good inherently wrong
I don't think there's anything inherently wrong with a bank being big. In fact, there are some good arguments about universality of geography that in theory, if you have all your eggs in one little community, and some big employer goes out, that could be your downfall.
cutting owned people separate sewing
There will be cutting and assembly, but not by us. The cutting and sewing people will be owned by separate companies, our traditional customers.
buy price ticket
For the price of a first-class ticket to Tokyo, you can buy the whole setup.
deal industrial logic support
I'm very much in support of it. The industrial logic of the deal is impeccable.
change countries crazy dependence exporter goes natural net parts reduce wonderful
The fundamentals are the U.S. is going to end up being a net exporter of natural gas. That's going to be wonderful to help our balance of payments, reduce our dependence on a lot of countries that aren't so crazy about us, and change many, many parts of what goes on here.
conviction delighted increase management positions positive prospects relationships shows three
The increase in our positions (in the three companies) shows our conviction in the prospects for these holdings. We are delighted with our positive working relationships with each of the management teams.
cottages serious helping
I see myself as a private-equity investor that helps rebuild companies. Restructuring is a cottage industry in that there aren't that many serious practitioners.
jobs hundred gas
Shale gas, if left to flourish, could create several hundred thousand more jobs.
world regulation banking
Banking, I would argue, is the most heavily regulated industry in the world. Regulations don't solve things. Supervision solves things.
beach team weekend
Each weekend I play at least one and maybe two sets of tennis a day. My doubles team was in the finals recently at my tennis club in Palm Beach and lost a tiebreaker after a three-hour match. I must confess, by the end of the three hours, I was relieved it was over.
spending reckoning borrowing
You cannot just keep borrowing more and more and keep spending more and more without eventually having a day of reckoning.
ships strange kind
Ships are a strange kind of commodity because they're very lumpy, very big individual units, but they're commodities.
class america want
If you want to do something to destroy consumer spending, just eat away at the middle class because the other problem we have is the structural problem of middle class America.