Wilbur L. Ross, Jr.: Chairman and CEO WL Ross & Co. LLC - Mr. Ross is one of the top turnaround financiers in the world, having been involved in the restructuring of over $200 billion of defaulted companies’ assets around the world, Fortune Magazine called him “the King of Bankruptcy.” One of his amazing accomplishments was taking failed steel companies Bethlehem Steel and other troubled companies and forming ISG becoming the largest integrated steel company in North America. It was later sold netting WL Ross & Co. $2.5 billion and also making Wilbur himself $300 million personally.
Thursday, November 22, 2012
Wilbur L. Ross, Jr.
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Published by Marine Money International
Dynasties of the Sea by Lori Ann LaRocco:
Dynasties of the Sea is the first book to examine one of the most powerful forces in global trade and economic development: world shipping and the magnates who drive the industry.
Operating from Monaco to Hong Kong, London to Athens, Singapore to Oslo, shipowners and their financiers have changed the world in every way.
From transporting agricultural products from Brazil to Africa and the Middle East, to delivering Australian iron ore to China, to carrying Middle East crude oil to Asia and the Americas, to carrying almost every article of clothing you are wearing and every electronic device in the world, shipowners have enabled global economic development and helped raise the global standard of living.
While ocean shipping remains one of the most important businesses in the world, it is also one of the most volatile. Affected by such imponderables as weather and political upheaval, shipowning cultures have maintained their commitment to an industry that has endured for centuries - and will continue to endure for centuries to come.
Profiles include Jim Tisch, Loews Corporation; John Fredriksen, Frontline Ltd.; Angeliki Frangou, Navios Maritime Holdings; Peter Evensen, Teekay Corporation; Philippe Louis-Dreyfus, Louis Dreyfus Armateurs Group; Wilbur L. Ross, Jr., WL Ross & Co.; Dagfinn Lunde, DVB Bank; Morten Arntzen, Overseas Shipholding Group, Inc. and more.
The candid and detailed first-person profiles that comprise Dynasties of the Sea provide critical insight into the psychology of today's generation of shipping magnates, from how they view risk - politically, economically and environmentally - to what they see transpiring in the world tomorrow.
Preface by Matthew McCleery, President, Marine Money International
Foreword by Lawrence B. Lindsey, Former Director of the National Economic Council
Afterward by Dr. Martin Stopford, President, Clarkson Research Services Ltd.
