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October 26, 2005

Business News: Vulture Finance? Not So, Says Wilbur L Ross, Jr

From the New York Times:

Lots of people call Wilbur L. Ross Jr. a vulture investor. He finds that ridiculous. If one must liken him to a bird, he says, then make it the phoenix, the mythical creature that repeatedly rises from its own ashes.

"Vultures pick off the flesh and leave the carcass to rot," he said, during a conversation in the Manhattan offices of W. L. Ross & Company, his investment firm. "We help dying companies survive and grow."

LINK to rest of article

Graphic: Ross's opportunities in buying distressed companies

Posted by Becky at October 26, 2005 10:19 AM Posted to Investments/Finance