Wilbur Ross – soon expected to be announced as Donald Trump’s commerce secretary pick – has been described as a kind of connoisseur of failed companies. With a keen eye for flatlining firms with assets worth acquiring and awesome powers of premonition, Ross has managed to build a $2.8 billion empire.
In 2002, he saw a 30 per cent US trade tariff on imported steel coming – and, as part of a consortium, shelled...
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