1. Private Equity Billionaire Wilbur L. Ross: Man 'Over Board'?

    Private Equity Billionaire Wilbur L. Ross: Man 'Over Board'?

    NEW YORK ( The Deal) -- Late last year private equity billionaire Wilbur L. Ross Jr. -- best known for restructuring failed companies in the steel industry and other sectors -- was elected as vice chairman of the Bank of Cypress. Ross joined a newly constituted board to help the embattled institution complete a turnaround after Cypress was rocked by a Greek debt crisis. His buyout shop, WL Ross & Co. LLC, owns a 19% stake...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, Competitor Corner, In the News, Member Report, Partner Publications, Question of The Week, Sponsored Content

    1. There is plenty of data out there to support the notion that for a top executive to sit on more than two or three boards is excessive.
    2. In some particularly active situations I might be on the phone or in physical meetings with management several times a week.
    3. Now that I am less involved in the day to day affairs of the [WL Ross] business I have even more time available.
    4. We are major stakeholders in companies and are active, not passive managers.
    5. Unless you have a deal with Dr. Who to let you travel back in time it is a mystery to me how someone can serve on five or six or seven public company boards and do their job effectively.
  3. Topics Mentioned