Profit and Ross
Wilbur Ross was an active investor in Ireland during the crash, and made up part of a consortium that invested €1.1 billion in Bank of Ireland, rescuing it from state control. These days, however, the 80-year-old has little time for business: for the last two years, he has been the US secretary of commerce under President Donald Trump. Devin Leonard and Jenny Leonard investigate how the tycoon transitioned from business to politics
One morning in October of this year, a smiling Wilbur Ross, US president Donald Trump’s commerce secretary and most visible trade warrior, entered the lobby of an Embassy Suites hotel in Washington DC. Clad in a blue suit, white shirt and red tie, he greeted members of a national association of business leaders who had been enlisted by the department to help promote exports of US goods. They were eager to have their picture taken...
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