| Wilbur Ross | ||||||
“We are not so much a vulture as a phoenix,” says Wilbur Ross, chairman of WL Ross& Co. “We are not liquidators, we are rehabilitators. There are a number of people who do what we do who are pure vultures. But we are interested in the ongoing business.”
Ross is one of the best-known people in the US in the world of bankruptcy and restructuring – Fortune magazine once dubbed him Wall Street’s “King of Bankruptcy” – but he is relatively new to distressed-debt investment.
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