Ross has been chairman or lead director of more than 100 companies operating in more than 20 countries. Ross was a banker known for acquiring and restructuring failed companies in industries such as steel, coal, telecommunications and textiles, later selling them for a profit after operations improved, a record that had earned him the moniker "King of Bankruptcy". In 2000, he left Rothschild to found WL Ross & Co. ![]() president Bill Clinton to the board of The U.S. In the 1990s, Ross was an adviser to New York City mayor Rudy Giuliani on privatization, and was appointed by U.S. Ross ran the bankruptcy restructuring practice at N M Rothschild & Sons in New York beginning in the late 1970s. A member of the Republican Party, Ross was previously chairman and chief executive officer of WL Ross & Co from 2000 to 2017. (born November 28, 1937) is an American businessman who served as the 39th United States secretary of commerce from 2017 to 2021.
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