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Page last updated at 09:12 GMT, Monday, 25 June 2012 10:12 UK

Wilbur Ross: I put out the fire of failed businesses

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Known as "the king of bankruptcy", veteran vulture investor and chairman of private equity firm WL Ross and Co Wilbur Ross made his money by buying up and restructuring failed businesses.

Speaking to the Today programme's business presenter Simon Jack, he said his strategy is to "go into buildings that aren't completely burned down and put the fire out."


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