[lbo-talk] bankruptcy pays

Doug Henwood dhenwood at panix.com
Fri Nov 5 19:07:44 PDT 2010


http://www.yalealumnimagazine.com/blog/?p=7784

SOM lands $10 million gift Posted by Carole Bass '83, '97MSL on 5 November 2010, 12:05 pm

The current economic mess is evidently paying off for bankruptcy expert Wilbur Ross ‘59 — and for the Yale School of Management, which announced a $10 million pledge by Ross toward the new SOM library.

The CEO and chairman of WL Ross & Co., which specializes in reorganizing distressed businesses, was a Yale undergraduate when his father died. “Yale was a beacon that provided financial support,” Ross says in a press release. “This is a good opportunity to give something back.”

Since Yale had no business school back then, Ross got a Harvard MBA. He now sits on SOM’s board of advisors.

The management school is planning a $180 million new campus on Whitney Avenue, across from the Peabody Museum. The firm of architect Norman Foster ‘62MArch is designing the project.



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