found this under Wilbur Ross:
Sago Mine disaster
Following the
Sago Mine disaster, the
New York Post's Roddy Boyd reported that Ross "had been intimately involved with the company that owned the
West Virginia mine where 12 miners perished — and he knew all about its safety problems, former executives charged." The article also reported that the mine had 12 roof collapses in 2005, and that the
U.S. Department of Labor data showed 208
citations for safety violations in that same period, including 21 times for build-up of toxic gasses. Despite these figures, Ross refused to shut down the mine. The Department of Labor and the State of West Virginia, as well as Congress are currently investigating the disaster.
Rothschild Investments
In the late seventies, Ross began twenty-four years at the
New York office of
Rothschild Inc., where he ran the bankruptcy-restructuring advisory practice. In the eighties, after quickly expanding the reach of
Resorts International to
Atlantic City,
Donald Trump found himself in financial trouble as the real estate market in
New York City bottomed-out. His three casinos in
Atlantic City were under threat from lenders. It was with the assistance and assurance of Ross, then senior managing director of
Rothschild Inc., that Trump was allowed to keep the casinos and rebuild his businesses. In the late nineties, Ross started a $200 million fund at Rothschild to invest in distressed assets. As the U.S. bubble began to burst, he decided he wanted to invest more and advise less. On April Fools’ Day 2000, the 62-year-old banker raised $450 million to plunge into fallen companies.
https://en.wikipedia.org/wiki/Wilbur_Ross
